Comment by crazylogger
1 day ago
Even ignoring chip export ban, Chinese companies have way less funding than American counterparts, maybe 1 or 2 orders of magnitude less depending on which company you look at. Deepseek’s recent big funding round being “only” a couple billion $ at $50B valuation, for example. Bytedance and Tencent are tech giants for sure, nonetheless they’re not Google kind of giant.
> Bytedance and Tencent are tech giants for sure, nonetheless they’re not Google kind of giant.
$186 billion and $105 billion revenue in 2025 respectively vs. $402 billion? Yes, Google is larger, but they're all in that same ballpark?
ByteDance's 2025 net income isn't that different from Anthropic's Series H funding even ($50bn vs $65bn respectively).
But this is all also ignoring how much of China is state owned (25% of the GDP!), so the available resource pool is dramatically larger than it would appear depending on what the government decides is important
Chinese companies likely aren't paying millions/year for their researchers but a tenth of it.