Bytedance’s Volcano Cloud: to lose 40bn RMB in 2026
Alibaba is subsidizing over 40bn RMB per year via Taobao Instant Commerce. (Over 50bn announced in July 2025 for next 12month; reiterated importance of subsidy in 2026 earlier this year)
Tencent announced more than 36bn investments in AI product development for 2026 with its 4q25 earnings, with no return KPI near term and more to come in the future.
These are 0.1% of China GDP already!
Better compensation, subsidy to consumers and businesses are also different kinds of GDP-boosting initiatives; big companies are doing their social responsibility jobs as well.