Unique Research × Xiniu Data · Company / Funding · November 30, 2024
Joint report by Unique Research and Xiniu Data. Sources: Xiniu, Crunchbase, PitchBook, Growjo, etc. Data as of Oct 31, 2024. Charts and tables live in CN images — attach or redraw on ingest (methodology + headline figures below).
October 2024 snapshot
- Global AIGC financing: ¥72.4B in October — +234% vs September.
- YTD deals: 939 investment events through Oct.
- China: ~¥36.6B YTD; 364 events — 10.66% of global amount, 38.76% of deal count.
- Overseas activity: October overseas deal count well above H1; 549 overseas firms disclosed financing YTD.
- China quarterly deal counts: Q1 68 → Q2 103 → Q3 171 (warming).
By tech stack (global YTD)
- Model layer: 64.83% / ¥270.5B
- Application layer: ¥102.7B (24.61%)
- Infrastructure: ¥23.9B
- Middle layer: ¥20.1B
- China model layer: 57.45% / ¥34.3B; apps 27.07%; infra 13.29%; middle 2.19% / ¥1.3B
Global unicorns / mega rounds
Global AI unicorns: average valuation ~$24.59B (median $10B); average revenue ~$814.7M (median $225.8M). OpenAI’s $6.6B round (~¥47B) was the sector’s largest single raise — Thrive, Tiger, SoftBank, Microsoft, MGX, Khosla, Fidelity, Coatue, ARK Venture, Altimeter, NVIDIA. Other amount peaks: xAI $6B Series B (May); Anthropic $2.75B Amazon strategic (Mar); Moonshot (月之暗面) $1B Alibaba-led (Feb); Baichuan ¥2.824B (Jul).
Global monthly mean financing ~¥34.34B (median ¥28.41B); mean monthly deal count 93.9 (median 90). Q2 disclosed deals ~220 — ~3.3× YoY. Country leaders: U.S. ¥253.2B; China ¥36.6B (2nd; ~3× UK in 3rd); China also #1 by deal count (364); U.S. 346 deals (~95% of China’s count).
October overseas / China detail
Overseas: angels important (7 early deals, ~¥100M); SOMA Capital & Illuminate Financial 3 each; 9 firms 2 each; IVP, Greenoaks, Wayra each put >¥1B into AIGC names. China October: 112 institutions; MiraclePlus (奇绩创坛) 5; Baidu 3; 7 firms 2 each; 63 AIGC companies funded; 9 over ¥100M including TRS, Astribot (星动纪元), Waveform, Xinghai Map, Yizhu, Bose Quantum, Yingwei, Shilü, Qianglian Zhichuang.
China investors & hot projects (Jan–Oct)
Most active: MiraclePlus 28 deals (ProDuck Lab, SiliconFlow, RWKV, etc.). Alibaba & Fortune Capital (达晨) 8 each — Alibaba book may exceed ¥11B (Moonshot, MiniMax, Baichuan, Astribot…). Shunxi Fund 7. 328 China AIGC firms raised; 68 over ¥100M YTD. Top amounts: Moonshot $1.3B; MiniMax $600M; Zhipu $400M (Prosperity7, June). China monthly mean deals 36.4; Oct deal count ~73% above average. Feb amount peak ¥8.2B (Moonshot $1B disclose).
Overseas investors & hot projects
Most active by count: a16z 15 (incl. xAI $6B B). NVIDIA GPU Ventures, General Catalyst, Sequoia 10 each; YC, Lux, Index, Lightspeed 8. Angels: 59 deals. By amount: Amazon ~¥20.3B; Google ~¥17.8B; a16z ¥9.1B. 36 overseas firms deployed >¥1B YTD (vs 12 prior year). Hot raises: OpenAI ¥47.06B tops; xAI, Anthropic, etc. fill the board (see CN charts).
Secondary market
AIGC concept index: 1608.86, monthly +25.94%; turnover ¥1.94T; turnover rate 124.28%.
[IMAGE PLACEHOLDERS — 30 CN charts: Oct global/China deal tables, monthly trends, stack mix, country map, LP league tables, unicorn/revenue boards, secondary charts. Attach from images.json on import.]
Disclaimer: figures as reported by Unique Research × Xiniu; verify on ingest if sources revise.
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