Topics
Trouble at TikTok
ByteDance’s wildly popular short video app has gotten caught up in U.S.-China tensions, with Washington worried that personal data on TikTok’s 100 million U.S. users could fall into Beijing’s hands.
Cover Story: Will TikTok Be the Next Huawei?
Founder Zhang Yiming’s efforts to defuse rising political pressures fail to gain traction as U.S. moves to follow India in banning the popular video app citing data security concerns
Tencent Opens WeChat to Handset Makers’ AI Assistants
Honor is the first brand to support the “Agent-to-Agent” feature, while Huawei, Xiaomi, Oppo, and Vivo integrations are in the pipeline
Business Brief (June 4): China Responds to New U.S. Section 301 Tariffs
Tencent’s market capitalization surges to HK$4 trillion on WeChat AI expectations, BYD ventures into humanoid robots with plans for home use
Alibaba Opens Qwen AI to Third-Party Services in Push for Agent Dominance
The Chinese e-commerce giant integrates brands like Luckin and KFC into its Qwen app, heating up the battle with Tencent for AI-driven assistant ecosystems
Tencent Gains $53 Billion in Value on Reports of WeChat AI Agents
Reports of internal testing for AI agents in China’s top messaging app triggered Tencent’s biggest single-day stock gain in five years, though resource constraints and tough competition lie ahead
General Mills to Sell Häagen-Dazs China Shops to Local Investor Group
The U.S. food giant is offloading its struggling physical stores to focus on retail, while Chinese tea chain Ningji looks to expand into frozen desserts
Business Brief (June 2): Tin Prices Surge on AI Demand
China expands trade secret protection to include data and algorithms
Cover Story: How AI Took Over China’s Micro-Drama Industry in 90 Days
Video-generation tools turned a labor-intensive entertainment industry into a high-speed content machine, leaving actors, crews and production hubs on the outs
ChangXin Clears Key Hurdle for Record STAR Market IPO
China’s top DRAM maker seeks to raise $4.3 billion as an AI-driven memory shortage boosts valuations and opens a window for domestic supplier
Xiaomi Slashes AI Model API Prices by 99% to Match DeepSeek
The Chinese tech giant is overhauling its AI subscription plans and matching rival DeepSeek’s rates, ignoring a broader industry push for profitability
DeepSeek Cuts Flagship AI Model Prices by 75% as Funding Round Looms
The Chinese startup lowered API prices for its DeepSeek-V4-Pro model to a fraction of OpenAI’s rates, intensifying the global AI pricing war as it seeks fresh capital at a reported 300 billion yuan valuation
Cover Story: China’s Tech Sector Catches AI Funding Fever
Foundation model startups, memory-chip makers and established internet giants are accelerating fundraising and IPO plans as they chase Silicon Valley-sized valuations
Bowing to Regulators, Tencent Gives Up Exclusive Audio Rights
The tech giant’s decision to comply with the mandate follows the conditional approval of its acquisition of online audio platform Ximalaya
CX Daily: China’s AI Hiring Boom Reshapes Graduate Job Market
Alibaba, ByteDance and Tencent are intensifying recruitment for AI roles as companies increasingly prefer graduates with AI skills
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