Tencent Music sings the blues under ByteDance assault
China’s leading online music site recorded its slowest growth in two years as it continued to lose market share to the Douyin parent Key Takeaways: Tencent Music’s revenue rose just…
Kuaishou’s AI ace valued at $18 billion as countdown to spinoff begins
The short video giant is preparing to cut the financial cord with its Kling unit, opening up new valuation room for the popular AI video asset Key Takeaways: Kuaishou is…
Where China’s AI models make their money
Unlike overseas rivals that rely on subscriptions and APIs, Chinese AI vendors are monetizing through cloud platforms, project contracts and compute usage By LeadLeo Research Institute As commercialization of…
U.S. spares DeepSeek from Commerce Department blacklist
The U.S. will hold off from adding large language model AI company DeepSeek to a trade blacklist, as Donald Trump seeks to avoid escalating tensions with China, Reuters reported. Alongside…
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…
