---
title: "Unique Research: Global AIGC Funding Report — Q3 2024"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2024-11-01T17:30:00+08:00"
canonical: "https://ffcap.cn/en/research/20241101a07cbx00"
source: "https://ffcap.cn/en/research/20241101a07cbx00"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20241101A07CBX00"
---

# Unique Research: Global AIGC Funding Report — Q3 2024

_Unique Research × Xiniu Data · Company / Funding Report · November 1, 2024 · Data through Sept 2024_

**Ingest note:** CN package has ~31 charts. EN keeps methodology + headline ¥/$ figures. Attach originals or redraw on import.

## Report meta

-   Title: 2024 Q3 Global AIGC Investment & Financing Report
-   Sources: Xiniu, Crunchbase, PitchBook, Growjo et al. · As of: end-Sept 2024

## YTD snapshot (through Sept 2024)

-   Global AIGC raised **¥271.0B** across **770** deals — amount **+108%** YoY (2023: ¥118.9B), deal count **+384%** (2023: 159)
-   China: ~**¥33.9B** · **301** deals — amount +195% · count +198% YoY; China = 12.5% of global ¥ / 39% of deal count

## Stack mix

Global: model layer **63.10%** / ¥231.15B · application ¥91.24B · foundation ¥23.82B · middle ¥20.09B. Overseas model layer 64.09% (¥197.04B). China model layer 57.97% (¥34.12B); app 25.89%; foundation 13.28%; middle 2.86%.

## Unicorns & pace

Global AI unicorn TOP10: mean valuation $24.59B / median $10B; OpenAI $157B. Mean revenue ~$815M / median ~$226M; OpenAI ~$3.7B. Valuation growth pace: mean ~$22.8M/day · median ~$12.6M/day · max ~$50.9M/day (xAI); Moonshot 8th at ~$5.9M/day.

## Geography & monthly

U.S. ¥186.5B (279 deals) · China ¥33.9B (301 deals — most deals). Q2 global deal surge to 220 (~3.3× YoY). Big tickets: xAI $6B Series B (May) · Anthropic Amazon $2.75B (Mar) · Moonshot $1B Alibaba-led (Feb) · Baichuan ¥2.824B (Jul). Monthly mean ~¥30.1B.

## China activity

Most active VC (Jan–Aug): MiraclePlus **23** deals. Alibaba & Dacheng tied 7; Alibaba book possibly >¥11B by end-Sept (Baichuan, Moonshot, MiniMax, Wow Universe, et al.). Hot rounds: Moonshot **$1.3B** · MiniMax $600M · Zhipu $400M (Prosperity7, Jun). 60 China AIGC cos raised >¥100M. Domestic monthly mean 33.4 deals; Q3 deal count +91% vs Q1; Sept deal count ~+55.7% vs average.

## Overseas activity

Most active: a16z 15 · Nvidia GPU Ventures 10 · General Catalyst 9 · Sequoia/Lightspeed/Lux/Index 8. By ¥: Amazon ~¥20.3B · Google ~¥17.8B · a16z ~¥9.1B. 33 overseas firms deployed ≥¥1B YTD (vs 11 prior year). Overseas AIGC ~¥237.2B YTD. Hot: xAI tops overseas. Sept global funding ¥21.7B (−51% MoM).

## Public markets

AIGC concept index 1448.64 · −5.09% across three quarters.

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Editorial English edition published on UniqueCapital: https://ffcap.cn/en/research/20241101a07cbx00
On-site reading page: https://ffcap.cn/en/research/20241101a07cbx00