lol what no, AI competition is super competitive in China; bytedance has 50% of the inference market and mostly serves from outside of China

https://www.bloomberg.com/news/articles/2026-06-17/microsoft...

Bytedance which runs China’s most popular Doubao AI chatbot; is spending $70B in CapEx this year, most of it outside of China (Malaysia, Thailand, Brazil, etc; and they are allowed to lease NVIDIA chips). This is roughly 50% of Microsoft CapEx.

https://www.tomshardware.com/pc-components/gpus/chinas-byted...