The useful read
country vs hub
┌─ generated from funding, org, model, compute, and overlap signals ─────────────────────────────── ┐
Shanghai sits inside China, but still carries 21.4% of its AI funding signal.
China's biggest carrier is Moonshot AI: $3.9B (16.6% of tracked side funding). Shanghai's biggest carrier is SenseTime: $2.0B (39.7% of tracked side funding).
The org treemap is shown because both sides have enough funded orgs for area to mean something.
Shanghai is included in China; world-share dots and funding totals are shown as separate reference points, not additive market share.