硬AI·2025-11-29 15:20Core Insights - The article highlights a significant shift in the enterprise AI market in China, moving from independent model developers to large-scale cloud providers, with Alibaba Cloud positioned as the leading AI enabler in the country [2][4][8]. Group 1: Market Dynamics - A recent survey by Morgan Stanley indicates that 47% of CIOs prefer large-scale cloud providers for deploying generative AI, a 10 percentage point increase from the first half of 2025 [4]. - Interest in independent AI model developers has decreased by 7 percentage points to 40%, reflecting a preference for integrated solutions over standalone algorithms [4][5]. - 40% of CIOs plan to deploy generative AI via public cloud within the next 12 months, up from 28% six months prior [6]. Group 2: Competitive Landscape - The dominance of major model vendors is shifting, with interest in DeepSeek dropping by 20 percentage points to 45%, while Alibaba's Qwen has surged from 18% to 30% [8]. - Morgan Stanley predicts that within three years, Alibaba's Qwen could capture 37% of the market, surpassing DeepSeek (28%), Huawei (13%), and ByteDance (12%) [8]. Group 3: Financial Projections - Alibaba Cloud currently holds a 35.8% market share in the Chinese AI cloud market, exceeding the combined share of its second to fourth competitors [12]. - Based on strong survey results, Morgan Stanley anticipates Alibaba Cloud's revenue growth to accelerate to over 35% in the second half of the 2026 fiscal year and further increase to 40% in fiscal year 2027 [13]. - Despite a planned capital expenditure of 380 billion RMB over three years, the demand for computing power is growing exponentially, suggesting that this investment may not be sufficient [13][14].