A Menlo Ventures report finds that 89% of global enterprise spending on open-source AI models flows to Chinese vendors — with Moonshot's Kimi leading at 61% share, DeepSeek at 15% and Zhipu's GLM at 11%, while the highest Western model, Meta's Llama, holds just 7%.
The figures count actual enterprise-side expenditure rather than download counts, and are seen as a truer picture of paid willingness. The South China Morning Post first reported the data on November 6, with Chinese media following up on November 8.
The report confirms that China's open-source models have moved from a price advantage to a paid-share advantage, even as agent platforms rise from tooling to infrastructure.
Source: Menlo Ventures / SCMP / ITHome
