Token Era: A-Share Billion-Level Computing Power Mega Deals Surging Undercurrent

The landing of each large computing power deal signifies a test of survival and expansion. The Chinese capital market is currently going through a “mega deals surge” in the era of AI transitioning from training to reasoning. This year alone, multiple A-share listed companies such as Dongyangguang, Shengshi Technology, Hanbang Gaocai, Huace Film & TV, Jinko Technology, Jiechuang Intelligent, Xiechuang Data, and Saiyi Information have successively disclosed computing power cooperation agreements with contract amounts ranging from tens of billions to hundreds of billions. Among these players are cross-border participants ranging from electronic component manufacturing to computing power operation, from smart…