Jefferies analysts said in a research note that a global surge in token consumption is likely to benefit Chinese AI labs. The firm flagged material opportunities in coding, workspace applications and mid-to-long-form content. It said Baidu, Alibaba a

2026-07-27

Jefferies analysts said in a research note that a global surge in token consumption is likely to benefit Chinese AI labs. The firm flagged material opportunities in coding, workspace applications and mid-to-long-form content. It said Baidu, Alibaba and Tencent, along with cloud providers Kingsoft Cloud and Kuaishou’s AI-video business, stand to gain from rising AI demand.