The global wave of artificial intelligence is reshaping the international trade pattern at an unprecedented speed.
Since the beginning of this year, my country’s computing power services, intelligent hardware and other “intelligent” products and services have accelerated their entry into the international market, becoming a new driving force for foreign trade growth.
In Shantou, Guangdong, relying on the “Laimu Processing” policy pilot, overseas users’ large model call requirements enter the local data center through compliant links. After completing inference calculations and word consumption, they are then returned to overseas clients via submarine optical cables.
Last month, the country’s first full-link verification of Token overseas was completed here, marking a key step in the large-scale export of China’s computing power services.
What is even more amazing is its growth momentum: from 100 million words per day at the end of April, it has soared to an average of 10 billion words per day today, a hundredfold increase in less than a month.
At the same time, in Shenzhen, a batch of palm-sized microcomputer hosts are becoming the “lightweight computing power base” for overseas large-scale game design, artificial intelligence local reasoning and other scenarios. Currently, shipments account for about 15% of the global market.
Behind this is the systematic improvement of China’s computing power infrastructure and hardware supply capabilities, and a new export narrative targeting “computing power” is unfolding.
This news reveals two core trends.
First, “Ciyuan goes overseas” is essentially to package China’s power cost advantages, data center cluster advantages and AI engineering capabilities into “computing services” that can be delivered cross-border for export.
This is similar to converting excess “electricity” into “computing power” and then exporting it. It is a high value-added data service trade.
The successful verification of the Shantou model means that China’s role in the global AI industry chain is extending from hardware suppliers and model developers to upstream “computing infrastructure operators” and “computing service providers.”
Secondly, the hot sales of microcomputer hosts reflect China’s manufacturing and innovation capabilities in the fields of edge computing and lightweight AI hardware.
These devices serve as “lightweight computing power bases”, allowing AI inference capabilities to be deployed at the edge closer to users, meeting the urgent demand for low-cost, highly flexible AI computing power in overseas markets.
The combination of the two outlines a new picture of China’s AI industry’s “cloud-edge collaboration” overseas expansion.
The explosion of “Ciyuan going overseas” and the export of computing hardware will benefit many aspects of the A-share market, from infrastructure to hardware manufacturing.
Computing power base and data center (AIDC) are the physical places where word consumption occurs, and data center operators are the most direct beneficiaries.
Among them, Runze Technology (300442.SZ), as the core computing power supplier of head models such as ByteDance and DeepSeek, is deeply bound to large customers. Its liquid-cooled intelligent computing cluster can efficiently support massive word element reasoning.
Capital Online (300846.SZ) has nearly 100 computing power nodes around the world, with a high proportion of overseas revenue, and can efficiently undertake cross-border computing power dispatching needs.
Sinnet (300383.SZ) has scarce IDC resources in first-tier cities, providing key location guarantees for AI computing power deployment.
In terms of cross-border networks and transmission channels, the cross-border flow of metadata cannot be separated from high-speed and stable networks.
As the world’s leading CDN, Wangsu Technology (300017.SZ) has more than 2,800 nodes and can provide low-latency global intelligent scheduling and distribution for large model APIs.
263 (002467.SZ) relies on its global network nodes and compliance communication capabilities to provide private network channels for its computing power to go overseas.
Submarine optical cables are the main artery for transoceanic data transmission. Huahai Communications, a subsidiary of Hengtong Optoelectronics (600487.SH), is one of the few companies in the world with the ability to deliver transoceanic submarine cable systems and is the core builder of the physical link for “Ci Yuan Going to the Sea”.
In terms of computing hardware and servers, whether it is a cloud data center or an edge micro-host, core hardware is inseparable.
Inspur Information (000977.SZ), as the world’s leader in AI servers, is the computing power carrier of large-scale intelligent computing centers.
In the field of microcomputer hosts, Yidao Information (001314.SZ) has deployed domestically produced PC products including microcomputer hosts, which can be customized according to customer needs, and is expected to benefit from the growth of this market segment.
In terms of power equipment and green energy, low and stable power is the core advantage of computing power costs.
Power equipment companies such as Mingyang Electric (301291.SZ) provide key power distribution equipment for data centers and benefit from the overseas expansion of domestic computing power.
Green power operators such as Jinkai Xinneng (600821.SH) have highlighted their value under the trend of “computing and power synergy” by providing low-cost green power direct supply data centers.
In terms of chips and key components, the expansion of domestic computing power will inevitably drive demand for underlying chips.
Haiguang Information (688041.SH), as the leader in domestic CPU/DCU, its products are the cornerstone of computing power supporting AI training and reasoning, and will benefit deeply from the increase in demand for domestic computing power.
From billions to tens of billions of words per day, from data centers to micro-hosts, China’s computing power overseas is moving from concept to reality at an astonishing speed.
This is not only an innovation in business models, but also a concentrated display of China’s infrastructure capabilities in the AI era.
For the capital market, this complete industrial chain covering “electricity – computing power – network – applications” is nurturing a number of core assets with global competitiveness.
Of course, it will take time for industry trends to materialize, and investors also need to pay attention to risks such as technological iterations, international competition, and policy changes.
But there is no doubt that the tide of “cime economy” has arrived, and pioneers in related fields are facing historic opportunities.
