BRIEF: China Literature hikes stake in Wuhan YHKT to majority
Online literature platform China Literature Ltd. (0772.HK) said on Tuesday that it will acquire an additional 28.22% of Wuhan YHKT Entertainment Co. Ltd. from Tencent for 400 million yuan ($59.26…
BRIEF: Tencent profit rises 11% amid stepped-up AI investment
Internet giant Tencent Holdings Ltd. (0700.HK) on Wednesday reported its revenue rose 9.1% year-on-year to 196 billion yuan ($28.93 billion) in the first quarter. Its non-IFRS profit rose by 10.7%…
AI generated content: An industrial-scale bête noire in need of regulation?
Chinese platforms are stepping in to regulate mechanized mass production of online content aimed at viral hits more than truth or providing informational value By Vivian Toh A viral…
CATL poised to boost lead over rivals in global battery race
The maiden annual earnings report from the world’s top EV battery maker since its Hong Kong IPO last year showed its profit significantly beat investor expectations Key Takeaways: CATL reported…
BRIEF: InSilico jumps in Hong Kong trading debut
Shares of AI-driven drug discovery platform InSilico Medicine (3696.HK) opened up 45% at HK$35 in their Hong Kong trading debut on Tuesday, before paring the gains to close up 34.1%…
Low margins, losses dog Ringpai as it eyes Hong Kong IPO
The company hopes to become Hong Kong’s first publicly listed pet hospital chain, hoping investors will overlook its weak performance metrics Key Takeaways: Ringpai has filed to list in Hong…
A decade in the making: Kunlunxin chips could bring excitement back to Baidu
The search giant and AI aspirant is considering a possible separate listing for its Kunlunxin chip unit, seeking a slice of a market currently led by Nvidia Key Takeaways: Baidu…
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