[Institutions: Chinese AI Labs Expected to Benefit from Surge in Token Consumption] Jefferies analysts stated in a research report that the global surge in token consumption is expected to benefit Chinese AI labs. Jefferies added that there are significant opportunities in coding, workspace scenarios, and medium-to-long-form content. The firm noted that Baidu, Alibaba, and Tencent, as well as cloud service providers Kingsoft Cloud and Kuaishou's AI video business, are expected to benefit from the growing demand for AI.