Projects still in planning or preparation accounted for 71.6% of the total investment value in CINNO’s Q3 2026 survey of Chinese AI data centers.
The firm tracked 62 projects with a combined investment value of CNY 728.8 billion, up 34.4% year over year.
Projects at the delivery or production stage accounted for 13.6% of the total. Their combined investment value rose 30.5% year over year to CNY 99.36 billion.
These figures reflect project investment values by development stage, not cash spent during the quarter.