🇨🇳 China: AI money in and out

China sent $30B and received $0M in AI deals since Nov 2024. Main players: ByteDance, Alibaba, Huawei, Chinese Big Tech, Alibaba Cloud. Full deal list. Updated Nov 9, 2026.

Pays abroad

$30B

Receives from abroad

$0M

Domestic

$58.6B

Deals

Companies

Flows with other countries

🇨🇳 China → 🇺🇸 United States$30B

Deals involving China

Jan 23, 2026Chips & hardwarein talksn/a

Alibaba eyes 200,000+ Nvidia H200s

🇨🇳 Alibaba → Nvidia · Interest in 200,000+ H200 units (no $ figure)

Beijing told Alibaba and other tech firms to prepare H200 orders; Alibaba told Nvidia it wants more than 200,000 units, paid upfront.

Bloomberg

Dec 31, 2025Chips & hardwarereported$14B

ByteDance plans $14bn of Nvidia chips in 2026

🇨🇳 ByteDance → Nvidia · ≈100bn yuan (≈$14bn) in 2026, contingent on H200 approval

ByteDance plans to spend about 100bn yuan on Nvidia chips, mostly H200s, in 2026, up from about 85bn in 2025, if Beijing allows imports.

Tom's Hardware (SCMP)DigiTimes

Dec 29, 2025Chips & hardwarereported$5.6B

ByteDance to buy $5.6bn of Huawei Ascend

🇨🇳 ByteDance → 🇨🇳 Huawei · Over 40bn yuan (≈$5.6bn) in 2026

ByteDance plans to buy over 40bn yuan of Huawei Ascend AI chips in 2026, up from almost nothing in 2025, after H20 supply stopped.

TechNode

Apr 2, 2025Chips & hardwarereported$16B

Chinese giants order $16bn of Nvidia H20s

🇨🇳 Chinese Big Tech → Nvidia · H20 orders in Q1 2025 (The Information)

After DeepSeek, ByteDance, Alibaba and Tencent ordered at least $16bn of Nvidia H20 chips in Q1 2025, before the April US ban.

Benzinga

Feb 24, 2025Investmentannounced$53B

Alibaba commits $53bn to AI and cloud

🇨🇳 Alibaba → 🇨🇳 Alibaba Cloud · At least 380bn yuan over 3 years (≈$53bn)

Alibaba will invest at least 380bn yuan over three years in cloud and AI infrastructure; LatePost reported in Jan 2026 it may raise this to 480bn.

RTHK Seeking Alpha