Rui Ma(@ruima):IDC says that Alibaba Cloud took 46.6% of China's LLM model-as-a-service revenue in the first half of 2026, with Zhipu at 10.6% and ByteDance's Volcano Engine at 10.2%. Also worth noting the size of the whole pie. IDC puts China's total MaaS market, across all modalities, at ¥10.63B for the half, up 889% year on year, roughly $1.5B. For comparison, Bloomberg's reporting implies Anthropic alone paid SpaceX more than three times that for compute in a single quarter ... yeah. Anyway, the growth is real, but Chinese model API revenue is still minuscule next to US spend remains true

2026.10.30 18:43

IDC says that Alibaba Cloud took 46.6% of China's LLM model-as-a-service revenue in the first half of 2026, with Zhipu at 10.6% and ByteDance's Volcano Engine at 10.2%. Also worth noting the size of the whole pie. IDC puts China's total MaaS market, across all modalities, at ¥10.63B for the half, up 889% year on year, roughly $1.5B. For comparison, Bloomberg's reporting implies Anthropic alone paid SpaceX more than three times that for compute in a single quarter ... yeah. Anyway, the growth is real, but Chinese model API revenue is still minuscule next to US spend remains true