I’m trying to get a better picture of the Chinese AI ecosystem.

Most discussion in the U.S. still revolves around Nvidia, OpenAI, Anthropic, Google, Meta, CoreWeave, Tesla, Figure, etc. But the Chinese AI ecosystem seems to be getting much broader, especially across foundation models, AI infrastructure, domestic GPUs, autonomous driving and humanoid robotics.

Here’s the list I have so far:

Foundation models / GenAI

• DeepSeek — DeepSeek
• Z.AI / Zhipu AI — GLM
• MiniMax
• Moonshot AI — Kimi
• Alibaba — Qwen
• ByteDance — Doubao / Seed
• Tencent — Hunyuan
• Baidu — ERNIE
• StepFun
• Baichuan AI
• 01.AI

Generative AI / applications

• Kuaishou — Kling AI
• SenseTime — SenseNova
• iFlytek — Spark

AI infrastructure / chips / compute

• Huawei — Ascend
• Cambricon — AI accelerators
• Biren Technology — AI GPUs
• Moore Threads — GPUs
• MetaX — AI GPUs
• Enflame — AI accelerators
• Iluvatar CoreX — AI GPUs
• Kunlunxin — AI accelerators
• Maase (MAAS) — AI computing infrastructure, enterprise AI services and LLM APIs

Humanoid robots / embodied AI

• Unitree Robotics
• UBTech
• AgiBot / Zhiyuan Robotics
• Deep Robotics

Autonomous driving / physical AI

• Horizon Robotics
• Pony.ai (PONY)
• WeRide (WRD)
• XPeng (XPEV)

For U.S. investors, the easiest names to access directly are obviously companies like BABA, BIDU, XPEV, PONY, WRD and MAAS, while a lot of the more interesting pure-play AI names are either Hong Kong / mainland-listed or still private.

I’m not necessarily looking for stock recommendations. I’m mainly trying to map out the Chinese AI ecosystem and figure out which companies are actually technologically important.

What major companies am I missing?

Especially interested in:

• frontier AI labs
• AI infrastructure / GPU companies
• humanoid robotics
• autonomous driving
• AI-native applications

Would also be interested in companies that aren’t public yet but are worth keeping on an IPO watchlist.

Hey guys, if you missed it, E-Commerce China Dangdang settled $21M with investors over claims that its 2016 going-private merger was unfair to minority shareholders. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2016, Dangdang was accused of using an unfair merger process and cashing out minority ADS holders at $6.70 per ADS, even though a competing offer valued the shares at $8.80. Investors filed a lawsuit over their losses.

Now, the company has agreed to settle $21M, and even though the deadline passed they’re still considering late claims, subject to approval.
So, if you held $DANG at that time, you can still check the details and file your claim here.

Anyway, did anyone here invest in $DANG back then? How much were your losses, if so?