Nearly 50% of China's new cloud business is actually captured by this one company!

What happened: A Sullivan and Toubao Research report on China's full-stack AI cloud market for 2026H1 found that SenseCore, the AI infrastructure platform of SenseTime, took nearly half of the country's Neocloud segment. Key numbers: SenseCore daily tokens Why it matters: The report frames AI cloud competition as shifting from raw compute supply to efficiency and ecosystem, with token cost, inference latency and scheduling mattering more than rented capacity. Musk said debt financing has closed for AI data center firms without other revenue, implying consolidation among 200-plus Neoclouds.

A Sullivan and Toubao Research report on China's full-stack AI cloud market for 2026H1 found that SenseCore, the AI infrastructure platform of SenseTime, took nearly half of the country's Neocloud segment.

The report frames AI cloud competition as shifting from raw compute supply to efficiency and ecosystem, with token cost, inference latency and scheduling mattering more than rented capacity. Musk said debt financing has closed for AI data center firms without other revenue, implying consolidation among 200-plus Neoclouds.