Alibaba Group & Tencent

Alibaba Group: Alibaba Group is one of the approximately 10 Chinese firms approved by the United States — United States Department of Commerce to purchase Nvidia's H200 chips, but has not yet received any deliveries due to the ongoing trade deadlock.

Tencent: Tencent is among the Chinese companies approved to buy Nvidia's H200 chips, but its purchases have stalled due to guidance from Beijing and broader geopolitical tensions.

Alibaba Group: Alibaba Group reported an 18% drop in net profit for its fiscal year, primarily due to challenges in the domestic economy and significant investments in AI. Its core e-commerce business is affected by price wars and sluggish consumption.

Tencent: Tencent, a peer in the tech sector, reported a 21% jump in quarterly net profit and is reportedly in talks with Alibaba Group to invest in DeepSeek.

Alibaba Group: Alibaba Group is a Chinese technology company embedding agentic AI into its workflows as part of the race to commercialize AI.

Tencent: Tencent is a Chinese technology company racing to commercialize AI, having integrated OpenClaw into its WeChat super-app.

Alibaba Group: Alibaba Group was among the Chinese companies cleared to buy H200s, but no deliveries have been made due to China's sovereign decision.

Tencent: Tencent was among the Chinese companies cleared to buy H200s, but no deliveries have been made due to China's sovereign decision.

Alibaba Group: Alibaba Group is a Chinese tech giant that has reportedly placed large orders for Huawei chips in preparation for the DeepSeek launch. Alibaba also announced a new data center powered by its own chips.