Three Chinese cloud and enterprise software firms saw significant gains on March 9, rising by at least 9%, as the CSI 300 Index experienced a decline of up to 2.4%.
The stock movement was triggered by a draft policy from Shenzhen’s Longgang district, which sought public feedback to promote the use of tools utilizing the open-source AI agent OpenClaw. This surge underscores the market’s sensitivity to local government backing for artificial intelligence technologies, even amidst broader index declines.
The Longgang district’s draft policy proposes that professional platforms offer free OpenClaw deployment services. Additionally, it offers subsidies of up to 2 million yuan ($288,986) for application development, as stated by the district government. The companies that recorded gains include UCloud Technology Co., QingCloud Technologies Corp., and Hangzhou Shunwang Technology Co.
Local startups and cloud providers have launched hosting and deployment tools for the OpenClaw software. Major companies such as Tencent, Alibaba, and Baidu have also introduced these services, further expanding its reach.
However, China’s Ministry of Industry and Information Technology has issued a warning that some OpenClaw deployments could pose security risks due to improper configurations. Analysts have noted that the tool demonstrates real-world AI adoption but have cautioned that productivity claims require verification.
