Accessible version Software - China (H/A) 2026 Year Ahead: Unlocking Growth via AI, Xinchuang, Overseas Expansion Rating Change AI monetization set to accelerate; focus on quality names Share prices of software companies under our coverage went up by 16% on average in 2025, compared to +23% for MSCI China Index. On a quarterly basis, share prices of software companies under our coverage went up by 35% on average in 9M25 (similar to the MSCI China Index), while underperforming in 4Q25 amid a pullback in AI-t ...