Top Chinese AI models make 10% of OpenAI, Anthropic revenue despite high valuations: report

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Lee, C. M. (2026, September 18). Top Chinese AI models make 10% of OpenAI, Anthropic revenue despite high valuations: report. South China Morning Post. https://www.scmp.com/tech/big-tech/article/3367991/top-chinese-ai-models-make-10-openai-anthropic-revenue-despite-high-valuations-report?utm_source=rss_feed

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A recent report by the US-based research firm Rhodium Group indicates that despite high valuations, top Chinese artificial intelligence models generate only about 10% of the revenue reported for OpenAI and Anthropic. From March to August, these seven major Chinese AI developers collectively earned an estimated $10.7 billion in annual recurring revenue (ARR), compared to over $100 billion combined for OpenAI and Anthropic. ByteDance leads this group with approximately $4 billion ARR as of July, followed by Alibaba with $2.4 billion in August.

Written by AI on 2026-09-20, from this article's own text only (the story summary below draws on all the coverage).

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According to a report by US-based research firm Rhodium Group, Chinese artificial intelligence models from seven major developers generated only about 10% of the revenue reported for OpenAI and Anthropic between March and August. Despite this, these Chinese models earned an estimated US$10.7 billion in annual recurring revenue (ARR) as of August. By comparison, OpenAI and Anthropic combined reported more than US$100 billion in revenue during the same period. The report highlights that ByteDance, led by its AI initiatives, generated US$4 billion in ARR as of July, followed closely by Alibaba with US$2.4 billion in August. This data underscores the significant gap between Chinese and Western AI companies in terms of revenue generation, despite high investor interest in the former.

Written for “Chinese AI Models Revenue Comparison” on 2026-11-01, grounded in this article and the 0 other(s) covering the same event.

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67%

2 of 3 hedged ("reportedly", "may", "according to")

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not political

takes no side on a contested political question

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63/100

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Chong Ming Lee

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Claims (3 extracted, 2 hedged)

Top Chinese AI models make 10% of OpenAI, Anthropic revenue despite high valuations: report 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 Chinese 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. uncertain

enthusiasm → make → 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. uncertain

models → earn → Thursday

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

which → cover → generator

Top Chinese AI models make 10% of OpenAI, Anthropic revenue despite high valuations: report

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Claims (3 extracted, 2 hedged)