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China's AI Market Growth: Collaboration Over Domination

4/19/2026

27 4 Full Breakdown

Summary

Story summary

China's AI model companies are not expected to dominate the domestic software market, according to Yiran Liu, an HSBC analyst.
China's SaaS market is less developed than the US, potentially driving collaboration with legacy software providers.
Despite fears of replacement, legacy firms are integrating AI and growing.
Kingdee International Software Group forecasts AI products will reach 1 billion yuan (US$146 million) this year, up 180%.

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Story summary

China's AI model companies are not expected to dominate the domestic software market, according to Yiran Liu, an HSBC analyst.
China's SaaS market is less developed than the US, potentially driving collaboration with legacy software providers.
Despite fears of replacement, legacy firms are integrating AI and growing.
Kingdee International Software Group forecasts AI products will reach 1 billion yuan (US$146 million) this year, up 180%.