---
title: "Three tech giants to pour RMB 60 bn into OpenAI; BABA's T-Head unveils Zhenwu 810E | Daily News Recap"
description: "0129 | Dolphin Research Focus: 🐬 Macro/Industry 1) Recently, multiple developers confirmed they are no longer required by regulators to submit monthly 'Three Red Lines' metrics, signaling an effectiv"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38214024.md"
published_at: "2026-01-29T08:30:03.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# Three tech giants to pour RMB 60 bn into OpenAI; BABA's T-Head unveils Zhenwu 810E | Daily News Recap

## 0129 ｜**Dolphin Research Focus**

## **🐬 Macro / Sector**

**1.** Several developers confirmed they are no longer required by regulators to submit monthly 'three red lines' metrics, signaling a substantive policy wind-down. The framework, launched in Aug 2020 to curb interest-bearing debt growth at developers, had already been relaxed for some firms since Jun 2023. This effectively marks the end of a multi-year forced deleveraging cycle for China property, with many onshore developers rallying.

## **🐬 Single Stocks**

**1.**$OpenAI(OpenAI.NA)

NVIDIA, Microsoft, and Amazon are in talks to invest up to $60bn in OpenAI. NVIDIA could commit as much as $30bn, Microsoft is said to be under $10bn, and Amazon, as a new investor, may put in over $10bn. The round would fund OpenAI's massive compute bills and model development, underscoring Big Tech's urgency to defend and extend AI leadership.

Beyond capital, this is a strategic alignment to secure priority access to cutting-edge AI capabilities. If completed, it would be a record-setting raise in the space.

**2.**$ByteDance(BYTED.NA)

ByteDance initiated the Doubao phone assistant full-release program by end-2025, with the new device slated for mid-to-late Q2 2026. Supply chain checks indicate sharply higher shipment expectations, with Gen-2 making breakthroughs in collaboration model and performance.

ByteDance will work closely with OEMs to deliver a system-level AI experience. If successful, it would directly challenge Apple's Siri and Google's Gemini, accelerating the shift of AI from cloud to edge.

**3.**$BABA-W(09988.HK) $Alibaba(BABA.US)

Pingtouge officially launched its high-end AI chip 'Zhenwu 810E', previously disclosed as Alibaba's in-house PPU. A single card carries 96GB HBM2e and 700GB/s interconnect bandwidth, supporting both training and inference, targeting performance comparable to NVIDIA H20 and above A800 and mainstream domestic GPUs.

The chip has been deployed in multiple 10k-card clusters. Zhenwu 810E marks full-stack synergy across LLMs, cloud, and chips for Alibaba, aiming to break the overseas chip chokehold and enhance Alibaba Cloud's AI competitiveness while lowering domestic model training costs.

**4.**$Robinhood(HOOD.US)

Robinhood plans to offer retail access to the SpaceX IPO and is pushing to secure a core retail bookrunner role. Riding a blockbuster SpaceX deal could materially boost platform traffic and aligns with its strategy to open up private equity access.

This would strengthen its edge in the retail brokerage lane.

**5\. Dolphin Research on earnings and call Trans**

Tesla: '[Shredding the 'bad quarter' script: can Tesla stage a comeback?](https://longbridge.com/zh-CN/topics/38206785?channel=WHAB0001)', '[Tesla 2026: $20bn capex, all-in on the AI master plan](https://longbridge.com/zh-CN/topics/38209370?channel=WHAB0001)'

Meta: '[Meta: Spending big? Hypergrowth is what matters](https://longbridge.com/zh-CN/topics/38203653?channel=WHAB0001)', '[Meta (Trans): AI lifts recommendations; FB and IG engagement to keep rising](https://longbridge.com/zh-CN/topics/38210333?channel=WHAB0001)'

Microsoft: '['Seasoned' Microsoft: bending down to leap higher?](https://longbridge.com/zh-CN/topics/38211327?channel=WHAB0001)'

## **🐬 Top Gainers by Sector**

**A-shares:** Breweries, Copper, Property Services.

**HK:** Breweries, Paper Products, Property Services.

**US:** Coal & Consumable Fuels, Precious Metals & Minerals, Heavy Electrical Equipment.

## **🐬 Watchlist for Tomorrow**

**1.** Apple earnings.

**2.** US Dec PPI MoM and PPI YoY.

Risk disclosure and disclaimer: [Dolphin Research Disclaimer & General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

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- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.