Technology · 10.4

Artificial Intelligence

Quantified news impact based on deduplicated, quality-reviewed events in a single 20-day window.

Average net impact+19weighted per event

Average gross impact22absolute weighted average

Events188same period

Confidence74%model average

Raw intensity61before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed9.4 / day

Concentration1%

Direction disagreement15%

Source independence98%28 sources

IMPACT TREND

20-day effective impact

Positive 146 · Negative 13 · Mixed 29

+380-38

15 Jul0 events

16 Jul0 events

18 Jul0 events

20 Jul1 event

21 Jul0 events

23 Jul1 event

+15

25 Jul4 events

+14

26 Jul73 events

+16

28 Jul54 events

+22

30 Jul23 events

+16

31 Jul9 events

+38

2 Aug23 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate1%52 cumulative effective impact

Short term24%986 cumulative effective impact

Medium term63%2593 cumulative effective impact

Long term12%473 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 19 · 186 events

Macro6

Macro3 Aug, 23:00positive

China AI Startup Funding Tops RMB 300 Billion in H1 2026

In the first half of 2026, funding for Chinese AI startups exceeded RMB 300 billion, surpassing the full-year 2025 total, as venture capital activity rebounded. High-tech industry investment rose 4.6% year on year. Inno Fund held 10 investment committee meetings from March to July 2026, matching its 2025 count, but with more projects and capital deployed. Quantum technology companies report a surge in investor interest, with funds increasingly concentrated in AI, quantum computing and computing power.

Effective: +57
Intensity: 85
Confidence: 90%
Horizon: Medium term

Macro3 Aug, 08:00positive

Central Government Rolls Out ‘Two Priorities, Six Networks’ Plan with Over 7 Trillion Yuan in 2026

China is accelerating major infrastructure construction under the ‘two priorities’ and ‘six networks’ plan, with 2026 investment estimated to exceed 7 trillion yuan. The Three Gorges New Waterway started construction in June, marking a landmark project. In the first half, internet services investment rose 39.9%, water transport 19.8%, power supply 19.4%, and air transport 11%, while private capital in water network projects surged 85.8%. Full-year ultra-long bonds of 800 billion yuan have been allocated, and projects are entering the peak construction season to translate policy into tangible progress.

Effective: +56
Intensity: 82
Confidence: 78%
Horizon: Medium term

Macro31 Jul, 12:01positive

NDRC to Accelerate AI Law Legislation, National AI Computing Power Surges 2.8-Fold

China's National Development and Reform Commission (NDRC) announced plans to accelerate the legislative process for an artificial intelligence law, aiming to establish a key institutional framework and provide a distinctive AI governance approach. As of the end of June 2026, the national AI computing power scale had reached 2.8 times that of the same period in 2025, with AI-related industries expanding by over 30%. The NDRC emphasized the need for risk monitoring and human-centered development. Additionally, estimates indicate that the computing network during the 15th Five-Year Plan period will attract RMB 4 trillion in direct investment.

Effective: +55
Intensity: 90
Confidence: 92%
Horizon: Medium term

Macro3 Aug, 11:10positive

Politburo Plans October 2026 Fifth Plenum, Pledges Faster Fiscal Spending; H1 Special Bond Sales Hit RMB2.07

The Political Bureau of the CPC Central Committee decided on July 30 that the Fifth Plenary Session of the 20th Central Committee will convene in Beijing in October 2026. The meeting analyzed the economic situation and set second-half priorities, stressing accelerated fiscal spending and bond fund use. New special bond issuance in the first half hit RMB2.07 trillion, or 47% of the annual quota. Consumption growth slowed to 1.3% in H1, with auto sales down 12.6% and appliance sales down 7.4%. The meeting pledged to expand domestic demand, build a modern industrial system, and advance opening-up, while setting a 2030 target of 100 trillion yuan for the services sector.

Effective: +52
Intensity: 78
Confidence: 75%
Horizon: Medium term

Macro31 Jul, 10:32positive

15th Five-Year Plan Computing Power Network to See 4 Trillion Yuan in New Direct Investment, Huge Potential

NDRC spokesperson Jiang Yi said on July 31 that institutions estimate the 15th Five-Year Plan period will bring RMB 4 trillion in new direct investment for computing power network construction. As corporate investment dominates, this creates significant opportunities for private capital. The NDRC will enhance planning and factor guarantees to foster a favorable environment for private investment.

Effective: +51
Intensity: 90
Confidence: 85%
Horizon: Long term

Macro3 Aug, 19:32positive

Yangtze Delta Services Data for H1 2026: Shanghai Up 5.9%, Jiangsu and Zhejiang 5.5%, Anhui 5.2%

In the first half of 2026, services added value in the Yangtze River Delta grew steadily. Shanghai reached RMB 2.2154 trillion, up 5.9% year on year; Jiangsu RMB 3.8936 trillion, up 5.5%; Zhejiang RMB 2.8678 trillion, up 5.5%; and Anhui RMB 1.545 trillion, up 5.2%. Information technology and leasing services led growth, while provincial plans target expansion through 2030.

Effective: +49
Intensity: 75
Confidence: 80%
Horizon: Medium term

Industries2

Industries3 Aug, 20:16positive

China's AI Industry Scale Exceeds RMB 1.2 Trillion in 2025, Up 40% Year-on-Year

According to the China Academy of Information and Communications Technology (CAICT), China's artificial intelligence industry surpassed RMB 1.2 trillion in scale in 2025, a 40% year-on-year increase. As of June 2026, the number of AI enterprises in China exceeded 6,600, accounting for 15% of the global total. The industry now spans a complete system covering foundational infrastructure, model frameworks, and sector applications.

Effective: +64
Intensity: 85
Confidence: 90%
Horizon: Medium term

Industries3 Aug, 18:07positive

China AI 2026: Large Model Market Exceeds RMB 70 Billion, Agent Market RMB 44.9 Billion, 72% Adoption

China's AI industry in 2026 shows robust growth: the large model market exceeded RMB 70 billion, enterprise agent market reached RMB 44.9 billion, and 72% of enterprises completed Agent pilots. Meanwhile, industrial AI adoption rose from 9.6% in 2024 to 47.5% in 2025, small models cut costs by 95% in specific scenarios, and 47% of organizations reported AI-related security incidents. These figures highlight rapid expansion alongside governance challenges.

Effective: +60
Intensity: 90
Confidence: 85%
Horizon: Short term

Companies2

Companies3 Aug, 10:34positive

Alibaba Debuts 2.4 Trillion Parameter Qwen3.8-Max AI Model, Stock Jumps Over 7%

Alibaba Group launched its flagship large model Qwen3.8-Max on August 3, with 2.4 trillion total parameters. The model ranks in the top tier globally, scoring 93.0 on PaperBench and leading mainstream models on OSWorld-Verified with 86.1 points. Alibaba’s Hong Kong shares surged 7.01% to HK$125.2, lifting market capitalisation to HK$2.4 trillion; US shares rose more than 5%. It also unveiled an enterprise agent product and opened API access, with domestic pricing starting at RMB12 per million input tokens.

Effective: +68
Intensity: 85
Confidence: 90%
Horizon: Short term

Companies3 Aug, 20:32positive

Evoken Raises Nearly $300 million in Series B+ at $2 billion Valuation, Hits $300 million ARR

Evoken, a Chinese AI application company, completed a nearly $300 million Series B+ round on June 18, 2026, lifting its post-money valuation above $2 billion. The company's annual recurring revenue reached $300 million as of May 2026, with group revenue growing more than 3,000% year-over-year. Its product portfolio includes LiblibAI, Lovart, and LibTV. The company faced near-collapse in 2023 when its flagship product was delisted and cash reserves fell to 4,000 RMB, but founder Chen Mian pivoted to a multi-product strategy and avoided acquisition.

Effective: +59
Intensity: 78
Confidence: 90%
Horizon: Short term