IT 服务与软件 - 人工智能颠覆中国软件叙事的大幕已启- China IT Services and Software-Start of AI Disrupting Software Narrative in China

February 4, 2026 08:31 AM GMT M Update Greater China IT Services and Software | Asia Pacific Start of AI Disrupting Software Narrative in China China software stocks are down 3-12% today (Feb 4) (vs. -0.2% for MSCI China), on a negative read-across from the US software stock sell-off overnight. The market now sees China software names as at risk of disruption by AI; we think this is the start of a long-term narrative turnaround after the unjustified rally in Jan-26. Although SaaS (charging by seat) is a rar ...