- The underlying logic of technology assets is being restructured, moving from monopolistic profit through reduced transaction friction to a focus on infrastructure like AI and hardware ecosystems by 2026.
- Alibaba is transitioning into a phase of commercial returns, with AI comprising 30% of external revenue, while Xiaomi exemplifies horizontal expansion with auto deliveries exceeding 30,000 in May 2026.
- Other significant players include Kangfang Biotech, showcasing resilience amid market fluctuations, and companies like China Life and Anta Sports leveraging technology to enhance operations and risk pricing.
