---
title: "Citigroup: China approves the procurement of H200 chips, Tencent becomes the biggest beneficiary"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/274119163.md"
description: "Citi released a research report stating that, according to foreign media reports, Chinese regulatory authorities have approved Alibaba-W, Tencent Holdings, and ByteDance, three major technology companies, to purchase NVIDIA's H200 artificial intelligence chips. Citi's report pointed out that if the news is confirmed by official sources and the relevant companies, it will have a positive impact on Tencent, Alibaba, and the overall Chinese internet industry. The report specifically noted that this news has the most significant positive impact on Tencent. Previously, Tencent's management mentioned in an earnings conference that they might consider \"leasing\" GPU computing power as an alternative model due to restrictions on direct procurement. Citi believes there is an increased risk of capital expenditure in 2026. The artificial intelligence industry outlook is optimistic for Tencent > Alibaba > Baidu Group-SW"
datetime: "2026-01-29T08:52:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274119163.md)
  - [en](https://longbridge.com/en/news/274119163.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274119163.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/274119163.md) | [English](https://longbridge.com/en/news/274119163.md)


# Citigroup: China approves the procurement of H200 chips, Tencent becomes the biggest beneficiary

According to the Zhitong Finance APP, Citigroup has released a research report stating that, according to foreign media reports, Chinese regulatory authorities have approved three major technology companies, Alibaba-W (09988), Tencent Holdings (00700), and ByteDance, to purchase NVIDIA (NVDA.US) H200 artificial intelligence chips. Citigroup's report pointed out that if the news is confirmed by official sources and the relevant companies, it will have a positive impact on Tencent, Alibaba, and the overall Chinese internet industry.

The report specifically noted that this news has the most significant positive impact on Tencent. Previously, Tencent's management stated at an earnings conference that they might consider "leasing" GPU computing power as an alternative model in the case of restrictions on direct procurement. Citigroup believes there is an increased risk of capital expenditure in 2026. The artificial intelligence industry outlook ranks Tencent \> Alibaba \> Baidu Group-SW (09888)

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