# Chinese independent AI infrastructure firms complete 20 funding rounds in 10 months

> Original title: 10个月融资20轮，第三方AI Infra为何越有争议越抢手？

- Source: Leiphone
- Published: 2026-11-12T09:47:00.000Z
- Bad Influence: https://badinfluence.news/items/r07h7ib35ojwsvawwc8674qiw
- Original: https://www.leiphone.com/category/chips/ouA8GvSp9LIhZPmp.html

## Summary

Eight Chinese independent AI infrastructure companies completed 20 funding rounds in the first 10 months of 2026, according to Leiphone's tally. Investors say the funding concentrates on a small set of leaders, which Dongxi-style analysts describe as a "one-nine" pattern where about 90% of capital flows to roughly 10% of firms. Investors remain divided on whether large technology companies will displace these third-party providers.