Technology · 10.4

Artificial Intelligence

Quantified news impact based on deduplicated, quality-reviewed events in a single 24-hour window.

Average net impact+25weighted per event

Average gross impact25absolute weighted average

Events21same period

Confidence76%model average

Raw intensity64before weighting

Previous period+13net impact

Gross change+98%

Diffusion speed21.0 / day

Concentration7%

Direction disagreement200%

Source independence97%18 sources

IMPACT TREND

24-hour effective impact

Positive 20 · Negative 0 · Mixed 1

+380-38

2 Aug, 230 events

3 Aug, 020 events

+10

3 Aug, 053 events

+21

3 Aug, 086 events

3 Aug, 112 events

3 Aug, 142 events

+38

3 Aug, 177 events

+25

3 Aug, 201 event

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term34%180 cumulative effective impact

Medium term61%322 cumulative effective impact

Long term5%26 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 3 · 21 events

Macro4

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: +54
Intensity: 85
Confidence: 90%
Horizon: Medium 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: +38
Intensity: 75
Confidence: 80%
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: +26
Intensity: 78
Confidence: 75%
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: +23
Intensity: 82
Confidence: 78%
Horizon: Medium term

Industries4

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: +52
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: +44
Intensity: 90
Confidence: 85%
Horizon: Short term

Industries3 Aug, 18:10positive

Semiconductor H1 2026 Investments RMB 162.7 Billion, AI Overtakes by Nearly RMB 20 Billion

In the first half of 2026, semiconductor private-market funding reached RMB 162.7 billion across 912 deals, but AI surpassed it with RMB 181.2 billion across 885 deals, marking the first time since 2020 that semiconductor was not the largest sector. Chip design led with 358 deals, while Shanghai Xinsheng received RMB 11.448 billion for 300mm wafer capacity, representing 7% of the total. Corporate investors dominated, with SMIC Capital and others active, and Shanghai led regional funding.

Effective: +34
Intensity: 70
Confidence: 90%
Horizon: Medium term

Industries3 Aug, 18:54positive

ChinaJoy 2026 Closes in Shanghai; H1 Game Revenue Hits RMB 188.45 Billion

ChinaJoy 2026 closed in Shanghai on August 3, covering over 140,000 square meters and hosting 900-plus exhibitors from 39 countries and regions. The event highlighted AI in gaming, with 86% of game companies adopting AI. China's game market revenue reached RMB 188.45 billion in the first half of 2026, up 12.17% year on year, while overseas revenue from self-developed games hit USD 12.372 billion, up 30.22%.

Effective: +33
Intensity: 70
Confidence: 80%
Horizon: Short term

Companies2

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: +49
Intensity: 78
Confidence: 90%
Horizon: Short term

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: +32
Intensity: 85
Confidence: 90%
Horizon: Short term