April 3 (Reuters) - China’s DeepSeek’s new model called V4 will run on the latest chips designed by ​Huawei Technologies, U.S. digital news outlet The Information reported on ‌Friday.

In preparation for V4’s launch, Chinese tech giants, including Alibaba Group (9988.HK), opens new tab, ByteDance and Tencent Holdings (0700.HK), opens new tab, have placed bulk orders for Huawei’s upcoming chip totaling hundreds ​of thousands of units, the report said, citing five people ​with direct knowledge of the purchase.