Inkeverse ditches micro-dramas in face of AI challenge, tries out data centers
The company, formerly known as Inke, was China’s second largest livestreaming platform in 2017 before launching apps for social networking, dating and micro-dramas Key Takeaways: Inkeverse is dropping its micro-drama…
Manus ‘friends’ investors with $500 million fundraising as former buyer turns rival
Returning investors like the AI agent operator for its experience making and selling practical software as Meta and other tech companies compete for the same work Manus has raised more…
What an AI breach of WeChat and Jollibee’s listing choice mean for U.S.-Asia tech and capital
"If you want to ensure the success of a company that is still very much regional Southeast Asia when going to market, it's probably a bit easier in Hong Kong…
Tencent sells down its Bilibili stake but retains debt links
The video platform is planning a $700 million capital restructuring that turns Tencent from a core shareholder into a creditor through an equity-to-debt deal Key Takeaways: Bilibili’s move would pretty…
Moonshot aims for meteoric valuation with a $3 billion Hong Kong IPO plan
Following back-to-back listings by Z.AI and MiniMax, the startup behind the Kimi chatbot is reportedly seeking a $50 billion valuation through a Hong Kong IPO Key Takeaways: Moonshot has reportedly…
Its stock eviscerated, Keep faces difficult road back to fiscal fitness
The fitness company’s online paid revenue plummeted in the first half of this year, as it increasingly relies on growing sales of branded fitness products Key Takeaways: Keep Inc.’s revenue…
Kingsoft Cloud finds sunnier skies in AI cloud
The company’s revenue grew strongly and its loss narrowed sharply in the first half of the year, as it aggressive its develops AI cloud services Key Takeaways: Kingsoft Cloud reported…
