The Hurun Research Institute has released the 2025 Hurun China Artificial Intelligence Enterprises Top 50 in Beijing E-Town. Beijing leads the country with 19 companies on the list, including Cambricon, Moore Thread, Zhipu AI, Moonshot AI, and Zhongguancun Kejin. Of these Beijing-based companies, 16 are located in Haidian District.

The list focuses on Chinese enterprises whose core businesses lie in AI computing power or algorithms. Companies are ranked mainly by their valuations. The market capitalization of listed companies is calculated based on their closing prices as of January 9, 2026, while the valuations of non-listed companies are estimated with reference to comparable listed firms or recent funding rounds. Cambricon tops the list with a valuation of 630 billion yuan.

In addition to computing power companies, firms specializing in large language models (LLMs) form another major group among Beijing-based AI enterprises on the list. Zhipu AI, recently hailed as "the world's first publicly listed LLM company", has seen several of its open-source large models top the international open-source leaderboards. Among vertical LLM companies, Zhongguancun Kejin has applied its multi-scenario, enterprise-grade intelligent product portfolio built on the DeZhu LLM platform across sectors such as finance, industrial manufacturing, automotive, consumer retail, and public services.

(Source: Beijing Evening News)