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- 27 listed Chinese film and TV firms and their AI bets: two all-in, most still watching
The piece surveys the publicly disclosed AI positioning of 27 China-listed film and TV companies (17 A-share, 10 Hong Kong-listed) as of Oct 8, 2026, sorting them into "all-in", "watching" and "swimming naked" buckets using four criteria: disclosed investment size, in-house model development, self-built compute, and industry funds. It names Huace Film & TV and Chinese Online as the only two all-in players, noting Chinese Online disclosed a RMB 2.833bn private placement — about 10.8x its end-June net assets — received a Shenzhen Stock Exchange inquiry letter two days later, and on Oct 8 cancelled both the placement and its H-share listing. Huayi Brothers, Huazhi Digital Media, Beijing Culture and STAR CM are described as debt-burdened laggards unable to follow.
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