FEATURED — FULL NOTE
Alibaba / Tencent / Baidu / ByteDanceBABA / 0700.HK / BIDU
LAYER: THE CHINA STACK · PUBLIC
The Chinese hyperscalers — Qwen, Hunyuan, Ernie, Doubao model families.
2026
SAME LAYER: THE CHINA STACK
HuaweiSMICDeepSeek / Moonshot / Zhipu / MiniMaxCambriconCXMT (memory)HygonBiren (private)Moore Threads (private)01.AI (private)StepFun (private)
INFORMATIONAL ONLY — not investment advice. Full disclaimer.