China’s blockchain BaaS market reached RMB 2.07 billion in 2025, up 7.4% year on year, according to IDC’s "China BaaS Market Share, 2025" report. Ant Digital Technologies ranked first with a 32.4% market share after posting 20.6% year-on-year growth, while Tencent Cloud and Inspur placed second and third. IDC said trusted data spaces and large AI models are emerging as new market growth drivers, with BaaS expected to accelerate upgrades in smart contracts, on-chain data analytics, and intelligent operations and maintenance. Ant Chain, under Ant Digital Technologies, said its infrastructure supports 2 billion accounts and 100,000 TPS, while the company has continued investing in cross-chain interoperability, large-scale networks, and privacy protection.