---
title: "Industry Report | H1 2024 Global AIGC Half-Year Report"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2024-07-19T11:45:00+08:00"
canonical: "https://ffcap.cn/en/research/20240719a03jkl00"
source: "https://ffcap.cn/en/research/20240719a03jkl00"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20240719A03JKL00"
---

# Industry Report | H1 2024 Global AIGC Half-Year Report

_Unique Research · Insight / Industry report · July 19, 2024_

Full Unique Research half-year report spanning H1 AI news, financing, product traffic, and China LLM tender intel. Charts/boards: _see CN images (74)_.

## Executive snapshot

-   **Global AIGC financing H1 2024:** ¥138.4B across **363** deals; +23.3% YoY dollars (2023 H1 ¥112.3B) and +307.9% deal count (89 → 363).
-   **China LLM tenders:** **207** wins H1; June alone **74** (+80% MoM).
-   **Global AIGC web visits:** 5.972B (Jan) → **8.786B** (Jun), +47.1%; time-on-AI-products 788M hrs → **1.041B hrs** (+32.1%).
-   **AI apps:** ~**400M** average monthly downloads; ~**1.8B hrs** average monthly time spent.
-   **ChatGPT:** June unique visitors **311M** (crossed 300M).

## 01\. H1 headlines

### 1.1 International giants

**Nvidia** (Jun 18 close): $135.58, +3.51%; market cap **$3.335T** — briefly world’s most valuable listed co., ahead of MSFT/AAPL. Path $2T→$3T in **96** days (vs MSFT 945 / AAPL 1,044). FY2025 Q1: data-center revenue **$22.6B** (+427% YoY); total revenue $26.04B (+262%); net income $14.88B (>6×).

**Microsoft** multi-country AI bet: UK AI hub (Jordan Hoffman) + **£2.5B** over 3 years (Apr 7); Japan **$2.9B** + OpenAI/ChatGPT tech + robotics (Apr 9; Japan GenAI market ~¥30T by 2030); Indonesia **$1.7B** over 4 years + AI skills for 840k people (Apr 30; AI ~$366B to economy by 2030); France **€4B** incl. Mulhouse data center (May 13; Brad Smith).

**Amazon → Anthropic:** +$2.75B (Mar 28) completing **$4B** commitment; AWS Trainium/Inferentia; Bedrock; safety focus. Prior $1.25B minority stake.

**AWS Singapore:** **$9B** over 4 years (doubling Singapore spend); ~$35B non-U.S. investment this year (Japan, Saudi, Mexico, Singapore).

**Samsung** AGI Computing Lab (U.S./Korea; Kyung Kye-Hyun, Mar 19) — LLM inference/serving chips, low power/cost iteration.

**Meta** — own 5nm AI chip via TSMC (>2× compute & memory bandwidth); ~**$35B** AI infra; hundreds of thousands of H100s.

**ByteDance** — ~MYR 10B (~$2.13B) Malaysia regional AI center + MYR 1.5B Johor DC expansion (minister Zafrul, Jun 7).

**SoftBank** — first FX bond since 2021, ~**$1.86B** (USD + EUR tranches); Son: “all-in on AI.”

**SK Group / SK hynix** — ~KRW 103T (~**$74.8B**) through 2028 into AI & chips; KRW 80T secured by 2026; streamline 175+ subsidiaries.

### 1.2 Policy

**Saudi Arabia** — ~**$40B** AI fund (startups, chips, DCs); PIF talks with a16z (NYT Mar 19); Al-Rumayyan: ready to be a global AI hub.

**EU AI Act** — passed May 21; in force 20 days after publication; risk-tiered; fines up to **7%** global turnover or €35M; extraterritorial; top bans expected by end-2024.

### 1.3 OpenAI

**Sora** (Feb 16) — text-to-video up to 60s; camera moves; image/video edit. **Altman** steps off OpenAI Startup Fund control (SEC; Ian Hathaway GP; fund ~$175M incl. Microsoft). **GPT-4o** free to public. Cathie Wood’s ARK Venture Fund disclosed OpenAI position from Apr 10, 2024 (“Cambrian explosion” framing).

### 1.4 China

Apple AI exploring China partners (Baidu, Alibaba, Baichuan contacts). ByteDance Doubao models + Volcano Engine 2.0. Baichuan 4. China mega semiconductor fund ~**$47.5B**. Saudi Aramco ~**$400M** into Zhipu AI. Kunlun Wanwei open-sources Skywork-MoE. OpenAI API access limits from unsupported regions from Jul 9.

## 02\. Financing overview

**H1 global AIGC:** ¥138.4B / 363 deals. Largest H1 raise: **xAI $6B Series B** (May 26; pre $18B / post $24B; a16z, Sequoia et al.). China dollars leader: **Moonshot** >$1B (Feb; Alibaba, Sequoia China, Xiaohongshu, Meituan, Lisi; post ~$2.5B).

**Cumulative strategic (2022–Jun 2024):** Microsoft ¥72.8B; Amazon ¥28.8B; Google ¥18.3B; Alibaba ¥12.9B; Nvidia ¥3.4B; Tencent ¥2.7B. Model unicorns (valuation): OpenAI $80B; xAI $24B; Anthropic $16.1B; China names in top nine include Zhipu, Moonshot, MiniMax.

**Country cumulative AI financing (same window):** U.S. ¥262.8B; China ¥59.8B; France ¥14.9B; UK ¥8.0B; Canada ¥7.5B; Israel ¥5.6B; Germany ¥4.4B; India ¥2.7B; Korea ¥2.3B; others ¥2.4B. Company raise leaders: OpenAI ¥71.3B; Anthropic ¥54.7B; xAI ¥45.4B; Inflection ¥10.8B; Mistral ¥10.2B; MosaicML ¥9.3B; Moonshot ¥7.2B; MiniMax ¥6.2B; Zhipu ¥4.9B; Casetext ¥4.7B.

**Stack mix (global):** model 68.18% (¥218.9B); apps 19.84% (¥63.7B); mid 6.07%; base 5.9%. Overseas model 70.6%. China: model 55.15% (¥27.7B); apps 27.05%; base 14.96%; mid 2.84%. China apps: general enterprise 29.31%; vertical enterprise 28.01%; productivity 24.34%; consumer 18.34%.

**H1 2024 geo:** U.S. ¥88.088B / 114 deals; China ¥22.08B / **170** deals (deal-count lead). France jumped to #3 on ~¥5.83B (Mistral + H/Holistic in May). Canada ¥6.36B (7); Germany ¥3.72B (8); UK ¥3.56B (18). Q2 deal count 218 (+230% YoY). Monthly mean dollars ~¥23.07B; per-deal means Jan–Jun: ¥0.13 / 0.55 / 0.72 / 0.07 / 0.18 / 0.38B.

**China active investors:** MiraclePlus 13; Alibaba 4 (~¥9B estimated deploy); eight firms at 3 each (Zhipu AI, Baidu Ventures, Ameba, Shengjing, GSR, Shunxi, Jiangmen, iFlytek). 157 China AIGC companies financed; 33 >¥100M. Moonshot $1B #1; MiniMax $600M; Zhipu $400M (Prosperity7, Jun). China monthly mean ¥3.68B; Feb ¥8.249B on Moonshot.

**Overseas active:** Lux / Lightspeed / a16z 6 each; NEA / Khosla / GC / Index 5; Sequoia / Nvidia GPU Ventures / Daniel Gross / Coatue 4. Individuals 20 deals. Dollars: Amazon ~¥19.8B; a16z ~¥7.2B; Sequoia ~¥6.3B. 19 overseas firms ≥¥1B (vs 9 in 2023). Overseas AIGC H1 ~¥116.3B (+10% vs ¥104.7B). Leaders: xAI ¥42.65B; Anthropic ¥21.51B; Mistral ¥7.27B. May overseas month ~¥55.1B on mega model rounds.

**Secondary (East Money, Jun 28):** AIGC concept index 1,139.56 (−25.34% MoM); turnover ¥3.95T; turnover rate 319.72%. Top gainers cited: Annoqi, Huichen, Huashe, Insight Group, Unisplendour — company blurbs in CN.

## 03\. Product traffic (June focus)

Chatbots led global web growth (visits ~2× in H1). June web Top50 spans 25 categories; chatbots, smart search, graphic design most visited. **ChatGPT** web visits record **2.859B** (+360M MoM). Bing & Canva #2/#3 despite soft MoM. Top50 floor **14M** visits (#50 Cutout Pro / LibAI). China names on global board include Kimi and Baidu Netdisk / Wenku / Translate. **Luma AI** +1220% MoM (video→3D). Companion apps JanitorAI +43.54%, candy.ai +26.16%, Character.AI +12.06%.

**Web MAU:** ChatGPT **311M**; Bing 146M; Canva 122M (only three >100M). **Session length:** companion apps top five; all >15 min (yodayo 20.10; Janitor 17.99; CrushOn.AI 16.25).

**App downloads (iOS+Android):** CapCut/Jianying **38.49M**; Doubao 26.18M; ChatGPT 24.61M; Top50 floor 1.53M (#50 Retake). Character.AI downloads +79.24%; Linky (Kunlun Skywork) +58.05%; Nova +40.45%; Bing +40.31%; Tiangong AI largest drop after prior-month relaunch hype.

**App MAU:** CapCut **322M**; Google Translate 221M; ChatGPT 162M; Meitu 103M. Sessions: CapCut 8.205B; Translate 6.622B; Character.AI 4.101B despite only 17M MAU. **App revenue (ex-ads):** Duolingo **$32.24M**; ChatGPT $24.18M; Canva $21.95M; CapCut $20.64M; Baidu Netdisk $11.36M; Top50 floor $650k (#50 Filmore).

**China web:** Baidu Netdisk 137M visits; Translate 49.13M; Wenku 36.09M; 4 of top 5 Baidu-family. Tencent Yuanbao +1054% MoM; Jimeng AI +376%. Web MAU: Netdisk 41.98M; Wenku 15.82M; Translate 14.74M. Time: Netdisk 9.15M hrs; Translate 4.81M; Kimi 1.14M; liblib.art 470k hrs among model/search peers.

**China apps:** CapCut 38.49M DL; Doubao 26.18M; Meitu 5.05M; floor 120k. Yuanbao app DL +277.73%; Duxiang +103.5%; University Search Sauce +52.94%. MAU: CapCut 322M; Meitu 103M; Baidu Netdisk 51.51M; Doubao 27.52M. Xingye: 2.64M DLs but 400M uses (~151/user).

**China outbound web:** CapCut overseas **40.15M**; CrushOn.AI 17.60M; yodayo 15.55M; Fotor 14.20M; Cutout Pro 14.08M. Vivago +342% (Sora-class video). Categories: image/design 34.3%; A/V 27.75%; games/entertainment 10.65%; office tools 14.16%. Outbound MAU: CapCut 21.4M; Fotor 9.07M; Cutout Pro 6.21M (500k+ = head; 100k+ competitive).

## 04\. China LLM tenders

H1 **207** disclosed wins. By count: China Telecom **16**; iFlytek & China Mobile **10** each; Baidu **9**. Cumulative amount: Yunshang Kunpeng **¥177M** #1 (incl. East-Data-West-Compute Gui’an LLM build Phase I ~¥177M); China Mobile ¥92.67M; Donghua Soft ¥61.04M. Average-amount leaders are single large wins (Yunshang Kunpeng, Donghua, Zipeng Network ¥21.86M for Henan industrial internet).

Monthly wins peak June **74** (+428.57% YoY); February low 9 (Spring Festival). March cumulative amount peak **¥240M** (30 wins; largest single ¥177M). March average win ¥13.42M (iFlytek ¥27.05M salt-alkali rice cognitive model; Baidu ¥11.79M traffic LLM AI platform).

**Buyer type:** SOEs **126** (+110% vs full-year 2023); government/institutions 70 (mostly universities); private 11 (doubled). SOE cumulative ¥370M; gov/institutions ¥100M; private ¥95M despite only 11 buyers. Private average ¥11.9M; gov/institutions ¥1.86M across 101; SOE average ¥8.47M.

**Region:** Beijing 46 wins (>20%, +40% vs 2023 full year); Guangdong 23; Shanghai 22. Cumulative amount: Guizhou ¥178M #1 (EDWC node); Sichuan ¥64M. Guizhou average ~¥89M; Hunan/Hainan/Sichuan/Henan also >¥10M averages.

**Industry:** operators 60 wins (+71% vs 2023 full year); universities 48 (= full 2023); finance 23 (+130%). Finance cumulative amount **¥186M** #1; operators ¥105M. Finance & real estate average wins >¥10M (finance ¥17M; real estate ¥14M, Hainan SOEs).

## 05\. Unique Research views

1.  Of six global VC rounds >$1B in H1, **five** went to AI startups.
2.  Hot money still flows from cloud-era winners; SoftBank/Japan is chasing GenAI hard; Saudi and Chinese state/enterprise capital are on the global stage.
3.  U.S.–China gap remains large: overseas AI ~¥116.3B / 193 deals vs China AIGC ~¥22.1B / 170; U.S. had **28** AI companies raising ≥$100M; ~**64%** of all ≥$100M AI mega-rounds went to U.S. startups.
4.  Outside ChatGPT, still no clear global killer app; high model costs need applications that justify them.
5.  Star companies under stress: Ilya Sutskever’s AI-safety startup after OpenAI; Stability AI founder/core exits + >$30M first-quarter loss and heavy debt; Character.AI financing trouble / possible IP-for-compute deals with Google or Meta.
6.  Retail giants adopting: Coca-Cola–Microsoft ~$1.1B cloud/AI; LVMH–Alibaba China retail AI; L’Oréal, Walmart, Lululemon also active.
7.  China LLM tenders: SOEs >60% of buyers (126) vs 11 private — SOEs still dominate domestic model adoption spend.

## 06\. Statements

Financing analysis from Xiniu Data; seed merged with angel where thin. Lead-investor deploy estimated at 50% of round; non-leads at round average. Traffic covers sites/apps on PC/tablet/phone with >10k monthly visits — not browser extensions, desktop software, mini-programs, Discord, or local open-source. FX: pre-2023 at Dec 31, 2022 rate; thereafter at deal-day monthly rates. Reference only; not investment advice.

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Editorial English edition published on UniqueCapital: https://ffcap.cn/en/research/20240719a03jkl00
On-site reading page: https://ffcap.cn/en/research/20240719a03jkl00