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三季度AI融资数同比增近100%；长三角城市群增速显著；长沙竟挤进全国前十
3 6 Ke·2025-10-16 11:53

Overall Financing Scale - In Q3 2025, the number of financing events in the AI industry increased significantly, with a 20.8% quarter-on-quarter growth, reaching 435 events, which is a 99% year-on-year increase [4][5] - The total estimated financing amount for Q3 2025 was 37.037 billion yuan, reflecting only a 3% increase, indicating a structural imbalance in investment stages [5][6] Investment Stage Distribution - Early-stage investments have become the dominant force, with a 49% increase in Q3 2025, marking the highest growth rate in nearly seven quarters [8][9] - The increase in early-stage investments is attributed to the rapid expansion of AI applications and the emergence of new startups, with 39% of funded AI companies established in 2024 and 2025 [8][9] - Late-stage investments saw a decline, with only 34 events in Q3 2025, as capital tends to focus on established companies with high technical barriers and stable market shares [9] City Distribution - The top cities for AI financing in Q3 2025 included Beijing, Shanghai, Shenzhen, and Hangzhou, with Beijing leading in both the number of events and total financing amount [11][12] - Beijing's Haidian District accounted for 64.8% of the city's financing events, while Shanghai's Xuhui District saw a remarkable 300% increase in financing events [12][13] - New first-tier cities like Chengdu, Nanjing, and Suzhou are exploring differentiated paths in AI investment, focusing on early-stage projects and leveraging local industry strengths [14][17] Key Findings - The AI industry continues to attract significant investment interest, with financing events doubling year-on-year in Q3 2025 [15] - There is a clear preference for early-stage investments, while mid and late-stage investments remain stable, indicating a shift in capital strategy towards new AI projects [16] - The dominance of "North, Shanghai, Shenzhen, and Hangzhou" in AI resources necessitates new first-tier cities to adopt differentiated strategies to compete effectively [17]