AI Stack

China's AI stack spans the whole vertical: AI chips, open-weight and proprietary foundation models, reasoning and multimodal systems, and model-serving platforms.

Biren 壁仞
alternative to NVIDIA GPGPUs

General-purpose GPU chips; first GPU maker to list in Hong Kong.

AI stack HK-listed Closed Foreign-investable
Cambricon 寒武纪
alternative to NVIDIA data-center GPUs

AI training/inference accelerator cards (MLU series) plus NeuWare software.

AI stack A-share Closed
Horizon Robotics 地平线机器人
alternative to NVIDIA DRIVE / Mobileye EyeQ / Qualcomm Snapdragon Ride

Horizon Robotics develops automotive-grade AI processors (Journey series) and smart-driving solutions for passenger vehicles. The Journey 6 chip, built on Horizon's proprietary Nash BPU architecture, supports ADAS through urban NOA. Horizon SuperDrive (HSD) is a full-scenario, end-to-end urban driving-assistance solution using transformer-based architecture. Horizon Mono offers front-camera L2 ADAS. The company holds ~45.8% ADAS market share among Chinese OEMs and has shipped over 10 million Journey units. Partners include BYD, Li Auto, Volkswagen, Bosch, and DENSO.

AI stack HK-listed Closed Foreign-investable
Huawei Ascend 昇腾
alternative to NVIDIA GPUs

Ascend 910-series AI accelerators with the CANN software stack.

AI stack Private Partly open
Loongson 龙芯
alternative to Intel / AMD CPUs

LoongArch-architecture CPUs for PCs, servers and embedded.

Global-ready A-share Closed
MetaX 沐曦
alternative to NVIDIA GPUs

GPGPU chips for AI compute; +693% on STAR Market debut.

AI stack A-share Closed
Moore Threads 摩尔线程
alternative to NVIDIA GPUs (CUDA)

Full-function GPU on CUDA-compatible MUSA architecture.

AI stack A-share Closed
XuanTie 玄铁
alternative to ARM, Intel, AMD, NVIDIA
Open source — repository on the product page

XuanTie is a RISC-V processor IP series developed by T-Head Semiconductor, a subsidiary of Alibaba Group. It offers open-source and commercial processor cores (e.g., C906, C910, C920) targeting embedded, IoT, edge AI, and high-performance computing applications. XuanTie competes with ARM and MIPS in processor IP licensing by providing RISC-V-based alternatives. Select cores and related toolchains have been open-sourced.

Cost-effective Private Partly open
CXMT 长鑫存储
alternative to Micron / SK hynix / Samsung Memory

Integrated DRAM manufacturer focused on DDR5/DDR5 modules, LPDDR5/5X, DDR4 modules and LPDDR4X. HBM is still an emerging roadmap area rather than a broadly available product line.

AI stack Private Closed
GigaDevice 兆易创新
alternative to Winbond / Macronix

Fabless memory and MCU vendor with SPI NOR Flash, SPI NAND Flash, parallel NAND Flash, automotive flash, EEPROM, MCUs, sensors and analog products.

Global-ready HK-listed Closed Foreign-investable
Longsys / Lexar 江波龙 / Lexar
alternative to SanDisk / Crucial / Kingston / Western Digital

Memory and storage products through Longsys and the Lexar brand, including SD/microSD/CFexpress cards, portable SSDs, NVMe/SATA SSDs and DDR5/DDR4 memory modules.

Global-ready A-share Closed
Montage Technology 澜起科技
alternative to Rambus / Renesas

Memory-interface and interconnect chips for cloud and AI infrastructure, including DDR5 RCD/MRCD/MDB, DDR5 PMIC/SPD/temperature sensors, PCIe retimers and CXL memory-expander controllers.

AI stack HK-listed Closed Foreign-investable
YMTC 长江存储
alternative to Micron / Samsung Memory / Kioxia / Western Digital

3D NAND flash and storage solutions, including enterprise SSDs, client SSDs, UFS/eMMC embedded memory and PCIe/SATA consumer SSDs under the ZHITAI brand.

AI stack IPO filed Closed
DeepSeek 深度求索
alternative to OpenAI GPT / Claude
Open source — repository on the product page

Open-weight foundation and reasoning models (V3 / R1 series).

AI stack Private Open source
#1 open weights MIT 128K ctx
Qwen 通义千问
alternative to GPT / Gemini / Llama
Open source — repository on the product page

Alibaba's open-weight model family (text, multimodal, coding).

AI stack US-listed Open source Foreign-investable
#2 open weights Apache 2.0 256K ctx
Kimi 月之暗面
alternative to Claude / GPT
Open source — repository on the product page

Long-context models and chat assistant from Moonshot AI.

AI stack Private Open source
#3 open weights Modified MIT 256K ctx
GLM (Z.ai) 智谱
alternative to GPT / Claude
Open source — repository on the product page

Zhipu's GLM model family; open-weight and API.

AI stack HK-listed Open source Foreign-investable
#4 open weights MIT 128K ctx
MiniMax 稀宇科技
alternative to GPT / Claude
Open source — repository on the product page

Foundation and multimodal models; open-weight and API.

AI stack HK-listed Open source Foreign-investable
#5 open weights Apache 2.0 1M ctx
ERNIE 文心一言
alternative to GPT / Gemini
Open source — repository on the product page

Baidu's ERNIE model family; open-weight (4.5) and API.

AI stack US-listed Open source Foreign-investable
#6 open weights Apache 2.0
Hunyuan 混元
alternative to GPT / Gemini
Open source — repository on the product page

Tencent's Hunyuan models (text, image, 3D); some open weights.

AI stack HK-listed Partly open Foreign-investable
#7 open weights Custom
Doubao 豆包
alternative to ChatGPT / Gemini

ByteDance's model family and consumer assistant; API via Volcano Engine.

AI stack Private Closed
#8 api
BigModel 智谱 BigModel
alternative to OpenAI API

Zhipu's open API platform for the GLM models.

AI stack Private Closed
api
Model Studio 百炼
alternative to OpenAI API / Vertex AI

Alibaba Cloud's model-serving platform (Bailian) for Qwen and other models.

AI stack US-listed Closed Foreign-investable
cloud platform
ModelScope 魔搭
alternative to Hugging Face
Open source — repository on the product page

Open model hub and library (Alibaba): models, datasets, demos.

AI stack US-listed Open source Foreign-investable
cloud platform Apache 2.0
Qianfan 千帆
alternative to OpenAI API / Azure AI Foundry

Baidu's model-development and serving platform (ERNIE + third-party models).

AI stack US-listed Closed Foreign-investable
cloud platform
CodeGeeX
alternative to GitHub Copilot / Cursor
Open source — repository on the product page

Open-weight code-generation model and IDE assistant (Zhipu).

AI stack HK-listed Open source Foreign-investable
open weights Apache 2.0
Qoder Qoder CN / 通义灵码
alternative to Claude Code / GitHub Copilot / Cursor

Alibaba Cloud's AI agent suite for software development and daily work, including IDE coding, CLI, QoderWork desktop and cloud agents.

AI stack US-listed Closed Foreign-investable
chat app
Trae
alternative to Claude Code / Cursor / GitHub Copilot

ByteDance's AI-native IDE with agentic coding workflows.

AI stack Private Closed
chat app
Coze 扣子
alternative to OpenAI GPTs / Copilot Studio

No-code platform for building AI agents and bots (ByteDance).

AI stack Private Closed
cloud platform
Dify
alternative to LangChain / Flowise
Open source — repository on the product page

Open-source LLM app and agent development platform (LLMOps).

AI stack Private Open source
cloud platform Apache 2.0
Manus
alternative to Devin / general AI agents

General autonomous agent that plans and executes multi-step tasks in a sandbox.

AI stack Private Closed
chat app
Tencent WorkBuddy 腾讯 WorkBuddy
alternative to Microsoft Copilot / ChatGPT / OpenAI GPTs

Full-scenario AI office workspace from Tencent Cloud that plans and executes tasks across documents, spreadsheets, code, design, local files and multi-agent workflows.

AI stack HK-listed Closed Foreign-investable
chat app