Latest news with #CAICT
Economy ME
3 days ago
- Business
- Economy ME
China accelerates AI expansion with 71 unicorns and 5,100 AI companies
China is home to over 5,100 AI companies, which account for approximately 15 percent of the global total. Furthermore, the country boasts 71 AI unicorns, representing around 26 percent of the world's 271, according to data from the China Academy of Information and Communications Technology (CAICT) . Both listed companies and unicorns are recognized as major drivers of China's AI industry. There are more than 300 AI-related publicly traded companies in China, whose AI-related revenue constitutes about 70 percent of the total scale of the country's AI industry, as per CAICT. The top five innovation fields for Chinese AI unicorns include large models, autonomous driving, intelligent robots, business intelligence applications, and AI computing chips. Yu Xiaohui, president of CAICT, pointed out that the rapid iteration of foundational large models this year, combined with new technological approaches, showcases significant potential for progress toward Artificial General Intelligence. He stated that a positive developmental landscape has emerged in China, marked by leading companies, rising unicorns, specialized firms, and emerging startups. The expansion of China's AI industry is swift, driven by a continuous influx of new technologies, applications, and business models. It has become a crucial growth engine for high-quality economic and social development, Yu emphasized. Read more: Nvidia H20 AI chip sales to China approved by U.S. amid trade talks Leadership in AI patents In 2024, China's AI market was valued at approximately 747 billion yuan (over 103 billion USD), marking a 41 percent increase from the previous year. The AI industry is projected to surpass 1 trillion yuan (about 138 billion USD) by 2025, accounting for over 20 percent of the global AI market share. China's AI investments have been robust, with state venture capital reportedly investing around $209 billion in AI ventures from 2013 to 2023, and public sector spending on AI expected to exceed 400 billion yuan ($56 billion) in 2025. China currently leads the world in AI patent filings, holding about 300,000 AI patents, and has around 220 AI labs affiliated with Fortune Global 500 companies, constituting 50 percent of the world's total. The AI sector is further a substantial economic driver, with potential to add 0.2 to 0.3 percentage points to annual GDP growth in the next two to three years, equivalent to $930 billion in labor value or 4.7 percent of China's 2024 GDP. Rapid market growth China's AI market is expected to grow at a compound annual growth rate (CAGR) of nearly 27 percent between 2025 and 2031, reaching a market size of roughly $194 billion by 2031. Additionally, by 2030, AI technologies are projected to increase China's GDP by 26 percent, potentially adding $7 trillion to the economy. Adoption rates in AI manufacturing applications could hit 67 percent by 2025, with AI providing up to 38 percent of job opportunities by 2030. The government's AI development strategy, including the 2017 Next Generation AI Development Plan, supports China's goal to be a global AI leader by 2030. Moreover, China emphasizes leveraging its population's vast data, strong institutional funding, and a permissive regulatory environment to accelerate AI growth. AI application areas seeing rapid adoption include internet services with an 89 percent penetration rate, telecommunications 68 percent, government services 65 percent, and finance 64 percent in 2023, reflecting broad sectoral integration. Also, the generative AI user base in China had reached 250 million by early 2025, and vertical AI applications in social networking, video, aesthetics, psychology, and design are expanding quickly. China's AI ecosystem is supported by major tech giants like Baidu, Alibaba, and Tencent, which power consumer-facing applications and contribute considerable investment and innovation toward foundational and applied AI technologies.
Indian Express
06-07-2025
- Business
- Indian Express
Chinese sales of foreign phone makers, including Apple, drop 9.7% in May
Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7% year-on-year in May, according to data released by a government-affiliated research company on Friday. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that May shipments of foreign-branded phones in China fell to 4.54 million handsets from the same month last year. As the largest foreign mobile phone maker in China's smartphone-dominated market, Apple's performance plays a significant role in the overall data on foreign-branded phone sales in the country. Apple has faced increased competition from domestic rivals and has cut prices to stay competitive. Chinese e-commerce platforms offered discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models in May. The CAICT data did not give specific figures for Apple. Shipments of phones within China were down 21.8% year-on-year to 23.72 million handsets for the month, the data showed.
Time of India
05-07-2025
- Business
- Time of India
Sales of foreign branded phones in China down 9.7% in May-CAICT
HighlightsSales of foreign-branded mobile phones in China, including those from Apple Inc., saw a decline of 9.7% in May. Shipments of foreign branded phones, including Apple iPhones, dropped to 4.54 million handsets for the month. The data was released by the China Academy of Information and Communications Technology and calculated by Reuters. Sales of foreign-branded mobile phones in China, including Apple iPhones , experienced a 9.7% decrease in May, according to data released on Friday by the China Academy of Information and Communications Technology ( CAICT ). Shipments of these foreign branded phones fell to 4.54 million handsets for the month. The government-affiliated research company, CAICT, provided the data indicating this decline. Reuters calculations, based on the CAICT data, revealed the specific number of handsets shipped. "Shipments of foreign branded phones including Apple iphones were down to 4.54 million handsets for the month, Reuters calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed."
Time of India
05-07-2025
- Business
- Time of India
Chinese sales of foreign phone makers, including Apple, drop 9.7% in May
Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7% year-on-year in May, according to data released by a government-affiliated research company on Friday. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that May shipments of foreign-branded phones in China fell to 4.54 million handsets from the same month last year. As the largest foreign mobile phone maker in China's smartphone-dominated market, Apple's performance plays a significant role in the overall data on foreign-branded phone sales in the country. Apple has faced increased competition from domestic rivals and has cut prices to stay competitive. Chinese e-commerce platforms offered discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models in May. The CAICT data did not give specific figures for Apple. Shipments of phones within China were down 21.8% year-on-year to 23.72 million handsets for the month, the data showed.
Yahoo
05-07-2025
- Business
- Yahoo
Chinese sales of foreign phone makers, including Apple, drop 9.7% in May
BEIJING (Reuters) -Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7% year-on-year in May, according to data released by a government-affiliated research company on Friday. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that May shipments of foreign-branded phones in China fell to 4.54 million handsets from the same month last year. As the largest foreign mobile phone maker in China's smartphone-dominated market, Apple's performance plays a significant role in the overall data on foreign-branded phone sales in the country. Apple has faced increased competition from domestic rivals and has cut prices to stay competitive. Chinese e-commerce platforms offered discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models in May. The CAICT data did not give specific figures for Apple. Shipments of phones within China were down 21.8% year-on-year to 23.72 million handsets for the month, the data showed.
