Core ARR of Chinese Open-Source LLMs Estimated at $6-8 Billion

According to the China Open-Source LLM Tracker released by Robonomics author FD on September 1, 2026, the total ARR for Chinese open-source LLMs is estimated at $10-15 billion. Excluding ByteDance and Seedance, the core LLM revenue is approximately $6-8 billion. Growth has been driven by usage rather than price wars, with DeepSeek and Zhipu AI seeing significant increases in both pricing and token consumption. Overseas revenue is estimated at $2 billion. Zhipu's MaaS ARR reached an annualized $1.6-2 billion by August, while MiniMax and Kimi have also seen s