Abstract code-paper and server loop representing DataCanvas reinventing its software business. Hong Kong IPO Series No. 09.

While Software Ate the World, This Company Ate Its Own Software Business

In 2023, AI software was DataCanvas’s business. By the first half of 2026, it was almost absent from its sales. The change is unusually stark. AI foundational software services generated 76.5% of the Chinese company’s revenue in 2023. Three years later, their contribution had fallen to 0.1%. This was more than an old division being […]

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In 2023, AI software was DataCanvas’s business. By the first half of 2026, it was almost absent from its sales. The change is unusually stark. AI foundational software services generated 76.5% of the Chinese company’s revenue in 2023. Three years later, their contribution had fallen to 0.1%. This was more than an old division being