I see a clear signal here: $TENCENT just signed a multiyear cloud contract with Oracle worth roughly $7 billion.
The key isn’t the amount. It’s that they didn’t build their own infrastructure at home or lease more capacity there—instead, they shifted their compute budget overseas.
China’s biggest AI buyer is handing that money to a non-Chinese provider. That alone is a pretty telling signal.
The key isn’t the amount. It’s that they didn’t build their own infrastructure at home or lease more capacity there—instead, they shifted their compute budget overseas.
China’s biggest AI buyer is handing that money to a non-Chinese provider. That alone is a pretty telling signal.