China’s AI market is entering a phase of consolidation, with competition shifting from creating increasingly powerful models to finding ways to monetize and apply them. This was stated by Alex Yao, head of research for the Chinese stock market at JPMorgan, noting that "the feud of hundreds of models" is gradually coming to an end, and the market is consolidating around a limited number of major players.

In the analyst’s view, while Chinese models may be slightly inferior to US counterparts by some measures, this is no longer a decisive factor for commercial success. Far more important than the ability of technology to solve real business problems. Major technology platforms have already begun to shift to paid services, with ByteDance launching in May supporting AI rates for the Doubao app ranging from CN 68 to CN 500 per month.

JPMorgan expects the next phase of Chinese AI development to involve corporate products, process automation, and integration into existing digital ecosystems. Companies that can not only create cutting-edge models, but also build around them sustainable business models focused on corporate customers and the practical application of technology will gain an advantage.