Deposition of Pt, Ru, Pt−Ru alloy, Ru@Pt, and Pt@Ru nanoparticles onto carbon nanotubes (CNTs) has been achieved by chemical reduction of the corresponding RuCl 3 •3H 2 O and/or H 2 PtCl 6 •6H 2 O by ethylene glycol in the presence of NaOH. The as-prepared catalysts were characterized by X-ray diffraction, H 2 -temperature programmed reduction, H 2temperature programmed desorption, X-ray photoelectron spectroscopy, and high-resolution transmission electron microscopy. Liquid-phase selective hydrogenation of phenylacetylene was used as a probe reaction to evaluate their catalytic performances. The as-prepared Pt, Ru, Pt−Ru alloy, Ru@Pt, and Pt@Ru nanoparticles fell in the range of 1.5−3.0 nm in diameter, and were uniformly dispersed on the CNTs. All the bimetallic catalysts displayed the characteristic diffraction peaks due to a Pt facecentered cubic structure, but the 2θ values were shifted to slightly higher ones, indicating the formation of alloy or core−shell structures. XPS analysis revealed that the catalysts contained mostly Pt(0) and Ru(0), with traces of Pt(II), Pt(IV), and Ru(IV). The Pt@Ru/CNTs and Ru@Pt/CNTs core−shell catalysts showed different catalytic properties in selective hydrogenation of phenylacetylene from the Pt−Ru alloy and the mixed monometallic samples with the correspondingly identical composition.