Competition for AI infrastructure is heating up, and the demand for corporate debt issuance is increasing.

As the competition in the construction of artificial intelligence algorithms enters a heated stage, the financing demand of domestic technology companies has significantly increased. Even companies with ample cash flow have joined the ranks of issuing bonds, increasing their investments in the AI field through the bond market. Recently, the Chinese social platform giant Kuaishou, listed on the Hong Kong stock market, announced its plan to issue 3.5 billion yuan in bills and 1.5 billion US dollars in bills. Further investigation by reporters revealed that since the beginning of this year, many listed companies such as ZTE Corporation, Jintai Holdings, and Zhongchuang Zhilin have issued bonds or announced bond issuance plans. By 2025, companies such as Tencent Holdings, Baidu Group, and Alibaba have also joined the ranks of bond issuers.