May 2026
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Largest Pure-Play AI Software Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
MiniMax Group, Haizhi, TRS Information Technology, PCITECH and Beijing CTJ Info Tech.
 | MiniMax Group Inc is a AI foundation model company. It is committed to driving AI innovation towards performing the full range of human intellectual tasks, from learning and reasoning to planning and generalizing knowledge across diverse domains. Its proprietary foundation model suite, led by MiniMax-M2, Hailuo-02, and Speech-02, has long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, video, and audio. These models power its AI-native products - including MiniMax, Hailuo AI, MiniMax Audio, Talkie/Xingye, and its enterprise and developer-facing Open Platform, delivering intelligent and dynamic experiences to users globally. | $106 | -- | $33B | $32B | 409.0x | (17.3x) | ||
| Beijing Haizhi Technology Group Co Ltd focuses on developing intelligent agent technologies and artificial intelligence solutions based on graph computing and model integration technologies. Its products are used in finance, energy, manufacturing, transportation, healthcare, and public services. The company operates as a high-technology enterprise principally engaged in provision of: (i) Atlas graph solutions, which include a data management and computing platform, a knowledge graph platform, and a graph database based on graph computing and data analysis technologies; and (ii) Atlas AI agent solutions developed using graph and large language model integration technology. The majority of the revenue is derived from the Atlas Graph Solutions. | $7 | -- | $3B | $3B | 31.6x | (99.3x) | ||
| TRS Information Technology Co Ltd is a provider of artificial intelligence and big data technology and data services in China. The core business of a company includes software product development, industry application solutions and data analysis and mining cloud services, covering big data management, information security, Internet marketing and artificial intelligence. | $3 | -4% | $2B | $2B | 27.0x | 663.6x | ||
| Pci Technology Group Co Ltd provides artificial intelligence technology and products in China. It also offers face recognition, video structuring, knowledge mapping, big data technology and service to its clients. | $1 | -7% | $2B | $1B | 0.9x | 20.4x | ||
| Beijing CTJ Information Technology Co Ltd engages in providing government departments with information management system solutions, mainly including financial integrated management solutions, financial treasury centralized payment electronic solutions, government financial comprehensive management solutions, financial non-tax electronic solutions, large Government IT service solutions such as data application solutions. | $3 | -25% | $1B | $759M | 6.2x | 46.8x | ||
| Ropeok Technology Group Co Ltd is the leader in video image information processing and security and protection products. | $3 | +34% | $481M | $507M | 22.5x | (18.6x) | ||
| Beijing Hanyi Innovation Technology Co Ltd is a company specializing in font design, font library product development, Chinese character information technology research, and Chinese character application solutions, with core independent intellectual property rights. | $4 | -35% | $450M | $400M | 14.2x | 80.1x | ||
| AInnovation Technology Group Co Ltd mainly conducts research and development of artificial intelligence technologies and provides artificial intelligence-based software and hardware technology solutions services. The revenue of the Group is principally derived from artificial intelligence products and services. Geographically, the company generates all of its revenue in the PRC. The company also generates a small amount of revenue from the Services of data solutions. | $1 | -27% | $312M | $211M | 0.9x | (7.6x) | ||
| XIAO-I Corp is an AI industrialization company focusing on the AI Cognitive Intelligence platform. The platform combines six core technologies including Natural Language Processing, Speech Processing, Computer Vision, Machine Learning, Affective Computing, Data Intelligence, and Hyper- automation. Based on the platform, The company developed products and solutions in the fields of Al+ Contact Center, Al+ Finance, Al+ City Public Service, Al+ Architecture, Al+ Metaverse, Al+ Manufacturing, and Al+ Healthcare. It generates revenue from the sale of software products and services, M&S services, and the sale of cloud platform products. | $12 | +340% | $11M | $56M | 4.5x | (0.6x) | ||
| Median | $3 | -7% | $1B | $759M | 14.2x | (0.6x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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