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China’s leading internet groups are spending hundreds of billions of yuan on AI, each following a different industrial logic: Alibaba is doubling down on cloud and commerce integration, Tencent is turning AI into immediate revenue uplifts inside WeChat and games, and ByteDance is attempting to seize the system‑level gateway on phones. The contest has moved from model architecture to ecosystem control, but talent, chips and capital patience are emerging chokepoints that will determine who converts investment into durable advantage.