Deloitte China: 23% of China's top 50 companies have AI research and development investment exceeding 50% of their revenue.

The "2025 Deloitte China High-Tech High-Growth Top 50 and Tomorrow's Star Report" and rankings were released today. The report shows that the average three-year cumulative revenue growth rate of the top 50 companies in China this year is 490%, slightly lower than in 2024, but the revenue growth rate of the Top 10 companies is basically the same as in 2024. In terms of revenue size, the proportion of companies with revenue between 50 million and 100 million in the top 50 Chinese companies in 2025 has significantly increased to 38%, while companies with revenue exceeding 100 million account for 44%, the same as last year. In terms of regional distribution, the Greater Bay Area accounts for 52%, with Shenzhen, Shanghai, Beijing, and Guangzhou ranking at the forefront. Zhao Jindong, National Managing Partner of Deloitte China's High-Tech High-Growth project, said, "23% of the top 50 companies in China and 66% of tomorrow's star companies invest more than 50% of their revenue in AI research and development. However, both the top 50 companies in China and tomorrow's star companies face challenges such as a shortage of high-tech talents, insufficient application of AI technology in business scenarios, and rising R&D costs. In addition, an increasing number of technology companies are evolving AI intelligence from being a tool to a digital employee."