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Chinese Tech Giants Order 35 Billion in Nvidia Chips

Chinese tech giants ByteDance, Alibaba and Tencent have ordered over 35 billion dollars worth of Nvidia chips. Nvidia faces severe supply shortages and cannot guarantee full delivery due to overwhelming demand.

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People stand near the Nvidia logo at its booth during the China International Supply Chain Expo (CISCE) in Beijing, China June 22, 2026. REUTERS/Florence Lo

ByteDance, Alibaba Group Holding Ltd, and Tencent Holdings Ltd placed over 3 million orders for NVIDIA Corp RTX PRO 5500 cards worth more than $35B. The massive procurement highlights a frantic scramble by Chinese technology firms for export-compliant hardware. Demand in China has already surpassed 6 million units, far exceeding planned production allocations.
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