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ByteDance Reportedly Denies Snapping Up of Computing Power Resources by TENCENT/ BABA
28 Apr 2025 17:01
TENCENT (00700.HK) purchased about RMB2 billion worth of GPU computing power resources from ByteDance in 1Q25, which is dominated by Nvidia (NVDA.US)'s H20 cards and servers, CAIJING.COM.CN quoted sources as saying. Tencent Yuanbao's current update primarily uses cards from ByteDance.
It has been reported that BABA-W (09988.HK) also placed a GPU order with ByteDance after DeepSeek went viral in 1Q25.
However, the person in charge of ByteDance responded that the above information was untrue.
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AAStocks Financial News
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