Rising US China tech tensions around artificial intelligence are putting fresh attention on how exposed certain stocks might be to regulatory pushback and intellectual property disputes. The latest accusations involving Anthropic and Alibaba have sharpened the focus on AI access, chip controls, and potential penalties for alleged misuse of US technology. For investors, this is less about short term headlines and more about understanding which companies could face higher legal, geopolitical, or operational risk. This article breaks down 3 stocks tied to the news, all of which appear more at risk than helped by these developments.

Meituan (SEHK:3690)

Overview: Meituan is a Beijing based technology company that connects consumers with local services, from food delivery and in store dining to hotel and travel bookings, bike and e moped sharing, grocery retail and other daily goods. It also supports merchants with online marketing, e commerce, cloud and data services, as well as B2B food distribution and supermarket operations.

Operations: Meituan generates roughly CN¥260.9b from Core Local Commerce and CN¥108.8b from New Initiatives, with all reported revenue of about CN¥369.7b coming from the People’s Republic of China.

Market Cap: HK$429.8b

Meituan sits at the center of daily consumer spending in China, yet its heavy use of AI, cloud and logistics makes it exposed to rising US China tech friction and possible limits on access to advanced models and chips. The company is still loss making, with a reported net loss of CN¥23,355.02m in 2025 and a further loss of CN¥6,827.41m in Q1 2026. Add in 100% of liabilities coming from higher risk borrowing and recent insider selling, and the picture is more fragile than headline figures might suggest, especially if AI related scrutiny intensifies.

Meituan’s losses and reliance on higher risk borrowing may be masking deeper pressure on its AI heavy model as US China tech friction heats up, so it is worth reading the full 2 key rewards and 1 important warning sign

Tencent Holdings (SEHK:700)

Overview: Tencent Holdings is a Shenzhen based technology company that runs social and messaging platforms, online games, video and music services, digital content, fintech products like mobile payments and wealth management, and a wide range of cloud and business tools for companies in China and overseas.

Operations: Tencent generates about CN¥373.3b from Value Added Services, CN¥234.4b from Fintech and Business Services, CN¥151.3b from Marketing Services, and CN¥9.2b from Others.

Market Cap: HK$3,736.2b

Tencent sits at the heart of China’s social, gaming and payments ecosystem. Its push into large language models, cloud and AI agents means it is directly exposed to rising US concerns about Chinese tech and potential IP misuse. The company is profitable, with a recent net margin of 30.6% and earnings growth of 17.6%. Analysts see material upside compared with current pricing, but the company also relies entirely on higher risk borrowing for its liabilities and carries a Pentagon military ties designation that could feed future restrictions. With Tencent doubling down on AI partnerships and chip heavy infrastructure just as US regulators talk about tighter penalties, investors need to decide whether the current discount fairly reflects those risks or not.

Tencent’s earnings strength and AI push may be masking how exposed the business is to higher risk borrowing and potential future US restrictions, so it is worth reading the full analysis report for Tencent Holdings

Alibaba Group Holding (BABA)

Overview: Alibaba Group Holding is a Hangzhou based technology company that runs major e commerce platforms like Taobao and Tmall in China, international marketplaces such as AliExpress and Lazada, and a large cloud computing and AI business alongside logistics, mapping, video streaming, grocery retail and healthcare services.

Operations: Alibaba generates CN¥554.2b from its China e commerce group, CN¥254.4b from All Others, CN¥158.1b from Cloud Intelligence and CN¥144.2b from international digital commerce, with total reported revenue of about CN¥1,036.7b coming from the People’s Republic of China.

Market Cap: US$234.4b

Alibaba Group Holding is trying to reinvent itself around cloud and AI just as US China tech tensions are intensifying. The Anthropic accusation of illicit Claude access sits squarely in that fault line. The stock currently screens as inexpensive on earnings, and various analyses highlight potential upside. Investors now have to weigh that against a Pentagon blacklist, heavy AI and chip spending, 100% of liabilities coming from higher risk borrowing, and fresh IP and sanctions risk that could affect its cloud growth. For anyone watching Alibaba, the key question is how much of that pressure is already reflected in the current price and how much may still emerge.

Alibaba’s low P/E and heavy cloud and AI spending could be masking where the real pressure sits. Before assuming the worry is already priced in, read the full analysis report for Alibaba Group Holding

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.