Continuing to Look for Chinese Companies That Are Impacting the World

First, from the perspective of company nature, China’s private companies are still full of innovative energy and drive. Of the 50 companies listed this year, 47 are private enterprises, an increase of 4 compared to last year. At the same time, this year’s list shows a clear “metabolic” feature. The list includes both all-round companies like Huawei and emerging vertical players like DeepSeek. According to Fortune (Chinese edition), the number of AI companies on the list increased from 5 to 8 this year, while high-end manufacturing companies dropped from 17 last year to 12. Other sectors remained largely the same as last year. Specifically, the large model company DeepSeek made its debut on the list. Additionally, companies in the embodied intelligence industry such as Yushutech, Yunshenchu, and Luoshi Robotics also made the cut. Nearly simultaneously with the release of the list, DeepSeek also launched new products. Yesterday, DeepSeek officially announced the release of DeepSeek-V3.1, calling it the “first step towards the Agent Era.” This reflects China’s growing momentum in the global AI large model field. In fact, in the 2025 government work report, the government officially elevated “Artificial Intelligence +” to a national strategy, marking AI technology as a core force driving industrial upgrades. Essentially, China’s tech industry is shifting from “scale-driven” to “technology-driven.” The rise of large model companies indicates that true competitiveness lies not in marketing, but in core technologies.

Over the next decade, whoever can transform laboratory technologies into products in the hands of users will stand at the top of the pyramid.In the life and health sector, with an aging population and increasing health awareness, the biotechnology and health technology sectors will experience rapid development. Particularly in the fields of innovative drugs, genetic technology, cell therapy, and medical AI, Chinese companies are expected to achieve more breakthroughs. Smart manufacturing and industrial internet will become key technologies for driving the transformation and upgrading of China’s manufacturing industry. Through digitalization, networking, and intelligent technologies, China’s manufacturing sector will achieve the goals of improving efficiency, optimizing quality, and reducing costs. Additionally, some cutting-edge technologies are also represented on the list. For example, companies engaged in quantum computing, such as Boson Quantum, made their debut on the list. This company focuses on optical quantum computing, which, compared to international giants like Google and IBM, has the potential for scalable expansion.

In terms of geography, 10 of the listed companies are headquartered in Beijing, ranking first, followed by 8 in Shenzhen and 6 in Zhejiang. These three regions each showcase different kinds of innovative vitality: Beijing has China’s largest research and educational resources; Shenzhen, supported by the Greater Bay Area, enjoys an irreplaceable regional advantage; Zhejiang has made strides in emerging technology industries. However, it is undeniable that China is still playing catch-up in industries like semiconductors. Although China has achieved some success in semiconductor design, there remains a significant gap in chip manufacturing technology compared to international standards. Regardless, China’s tech industry is driving the deep integration of AI with the real economy, strengthening innovations in new energy and low-carbon technologies, enhancing self-reliant capabilities in semiconductors and electronic information, and promoting breakthroughs in biomedicine and health technology. In the context of increasing global tech competition, Chinese tech companies will continue to drive innovation while maintaining an open approach to collaboration, contributing to the global tech landscape.