Chinese tech giants splurge on AI infrastructure, doubling their capex in 2024; Alibaba, Tencent, and Baidu had a combined ~$7B capex in H1 2024, up 117%+ YoY Financial Times : Financial Times 2024-08-26 Baidu, Tencent, YoY. Financial Times, Alibaba, Chinese Related Coverage Nvidia Tech Fuels Chinese AI Growth Overseas, Alibaba Ramps Up $7B Investment Benzinga China's Big Tech Increases AI Expenditure Despite US Export Controls WinBuzzer