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Fortune
Fortune
Nicholas Gordon

China tech firms like Alibaba and Lenovo are rallying on DeepSeek hype and AI’s ‘once every several decades’ opportunity

(Credit: Hector Retamal—AFP/Getty Images)

The DeepSeek revolution is rippling through China’s tech sector, as hundreds of companies adopt the buzzy AI model in their own products.

The AI—open-source, powerful, and relatively cheap—upended pessimistic narratives about China’s tech sector. Combined with a belief that Beijing is ready to support the private sector, exemplified by a meeting between Xi Jinping and leading tech executives on Monday, investors now think that China’s ready for a new tech rally. 

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