China weighs allowing ByteDance and Alibaba to buy new Nvidia chips: Here’s whyOn Sunday, the Chinese government suggested it would allow domestic companies like ByteDance and Alibaba to buy a new Nvidia chip built for high-end professional computers, according to a report by The Information.To that end, China’s Ministry of Industry and Information Technology recently asked major domestic technology companies including ByteDance and Alibaba to submit their crucial plans to purchase Nvidia’s RTX PrO 5500 chips. A statement from Nvidia’s spokesperson reads: “US firms continue to be restricted by a combination of outdated US export controls, which ?cover gaming ?products…