China digital exports surge as Alibaba, Tencent lead global push

Chinese revenue from digital services sold abroad is soaring as tech champions from ByteDance to Tencent Holdings ramp up their overseas push in livestreaming, e-commerce and artificial intelligence. The trade surplus from digital services, which encompasses a wide scope of businesses from telecom operations to cloud computing, more than doubled in 2025 to a record $33 billion, data from the State Administration of Foreign Exchange show. The category of telecom, computer and information services, which includes AI, expanded close to 30% last year, according to Bloomberg’s calculations of balance of payments data. The increase underscores a growing urgency in seeking growth beyond the world’s second-largest economy, where intense domestic competition and lackluster demand are weighing on profitability. Alibaba and Tencent lead digital services boom Alibaba Group Holding, Tencent and ByteDance account for the lion’s share of China’s digital exports, operating in e-commerce, gaming and social networking via household names such as Lazada and TikTok. U.S. export restrictions on high-end chips have driven China’s AI developers to build overseas data centers for easier access to more advanced technology. Alibaba and its rivals operate vast computing platforms that serve mainly Chinese firms’ international operations. Tencent’s cloud facilities span Silicon Valley to Riyadh and Singapore, supporting services such as video conferencing and gaming. And ByteDance’s TikTok is building a $38 billion AI-related data center in Brazil, the company’s latest push in South America after years of gradual expansion in Europe, the U.S. and Southeast Asia. Overseas growth by Chinese electric vehicle, renewable energy and manufacturing companies further increases the need for digital services abroad. Such companies require processing and storing of data offshore, boosting demand for Chinese cloud providers including state-backed telecom operators, Huawei Technologies, Alibaba and Tencent. China market digital services hit $33 billion Safe’s data — which doesn’t break down company-level detail — covers cross-border money transactions between domestic and overseas firms, and doesn’t include income that isn’t remitted back to the country. A net surplus reflects net inflows. China’s overall trade surplus rose to a record $1.2 trillion in 2025 thanks to a rapid increase in exports. But the country’s services trade had been in deficit for years. Beijing has vowed to find ways to help Chinese companies export services, including digital and AI-powered offerings. Software and data is one of the few strong suits for China. The country is the world’s fourth-largest provider of telecom, computer and information services, according to the International Monetary Fund classification covering cross-border activities such as data transmission, cloud computing and software development. India ranks first in the category, underpinned by its vast software outsourcing industry.

Sectors

Insights

Company

China digital exports surge as Alibaba, Tencent lead global push