China’s top AI models generate just 10% of OpenAI, Anthropic revenue: report - South China Morning Post

ByteDance led the Chinese group in ARR at US$4 billion as of July, followed by Alibaba at US$2.4 billion in August, Rhodium Group found

Chong Ming LeePublished: 5:00pm, 18 Sep 2026Chinese artificial intelligence models from seven major developers combined generate only about 10 per cent of the revenue reported for OpenAI and Anthropic, even as investor enthusiasm remains intense, according to US-based research firm Rhodium Group.

The Chinese AI models earned an estimated US$10.7 billion in annual recurring revenue (ARR) from March to August, a fraction of the more than US$100 billion combined for OpenAI and Anthropic, according to the Rhodium report published on Thursday.

The report covers DeepSeek, Moonshot AI, Z.ai, MiniMax, Alibaba Group Holding, ByteDance and Kuaishou Technology, which runs the Kling AI video generator.