Chinese Tech Giants Invest Over $35 Billion in Nvidia Chips Amid US Restrictions

10/21/2026

Chinese tech giants ByteDance, Alibaba, and Tencent have collectively ordered more than 3 million units of Nvidia's new RTX PRO 5500 graphics cards, representing a total value exceeding US$35...

10/21/2026

ByteDance, Alibaba and Tencent ordered 3M+ Nvidia RTX PRO 5500 cards worth $35B, but Nvidia can make only about 3M worldwide in 2027.

10/21/2026

Huawei is slowly closing the market gap with NVIDIA when comparing China’s AI accelerator shipments, but top Chinese technology firms like ByteDance, Alibaba, and Tencent have evidently shown that...

10/20/2026

ByteDance, Alibaba and Tencent have ordered more than 3 million of Nvidia's new RTX PRO 5500 graphics cards with a collective sticker price of over $35 billion, two people familiar with the matter...

10/20/2026

US-based chipmaker Nvidia has told customers and partners it cannot guarantee that it can fill the orders because demand from Chinese technology companies far exceeds planned production, the two...

10/20/2026

Alibaba, ByteDance, and Tencent have together ordered tens of billions of dollars worth of Nvidia chips as China’s compute-hungry tech giants turn to the US.