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TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...- Tencent revenue and profit miss on higher AI investmentTencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw gro...
- ByteDance targets 25% rise in AI infrastructure spendingByteDance has significantly increased its AI infrastructure spending by 25% to 200 billion yuan ($29.4 billion) this year, driven by rising...
- DeepSeek could be valued at up to $50 billion in first fundraising: SourcesChinese AI firm DeepSeek is seeking a massive valuation of up to fifty billion dollars in its first funding drive. The company aims to rais...
- Waiting for DeepSeek: new model to test China's AI ambitionsDespite reports and rumours about its imminent release, DeepSeek's next-generation "V4" model is nowhere in sight. Speculation is also swir...
- ByteDance agrees to sell Moonton to Savvy Games for $6 billionByteDance has agreed to sell Moonton to Savvy Games Group for about $6 billion, shifting its focus to generative AI. The Beijing company wi...
- China's ByteDance releases Doubao 2.0 AI model for 'agent era'The company, like rival Alibaba, was caught off-guard by DeepSeek's meteoric rise to global fame during last year's Spring Festival, when S...
- All-in on AI: what TikTok creator ByteDance did nextByteDance, the Beijing-based owner of TikTok, is shifting strongly into artificial intelligence after years of legal and privacy scrutiny. ...
- ByteDance developing AI chip, in manufacturing talks with Samsung, sources sayByteDance aims to receive sample chips by end-March, they said. The company plans to produce at least 100,000 units of the chip, designed...
- HSG's continuation fund to value ByteDance at up to $370 billion: ReportHSG, formerly Sequoia Capital China, is reportedly launching a new fund. This fund is expected to buy some of its shares in TikTok's parent...
- ByteDance rolls out AI voice assistant for Chinese smartphonesByteDance is rolling out a new AI voice assistant, powered by its Doubao model, starting with ZTE’s Nubia M153 smartphone. The tool handles...
- Baidu launches AI video generator, overhauls search featuresOver the past year, artificial intelligence heavyweights like OpenAI and big global tech companies have been expanding beyond chatbots to t...
- How TikTok's parent, ByteDance, became an AI powerhouseByteDance is also using the data as the linchpin of a growing business in artificial intelligence. The company has invested billions of dol...
- ByteDance plans $20 billion capex in 2025, mostly on AI, sources sayByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence infrastructure s...
- Apple in talks with Tencent, ByteDance to roll out AI features in China, sources sayChatGPT is not available in China and the country's regulatory requirements mandate that generative AI services obtain government approval ...
- ByteDance plans new AI model trained with Huawei chipsByteDance, TikTok's parent company, plans to develop an AI model using Huawei chips due to U.S. export restrictions on advanced AI chips. B...
- China's ByteDance working with Broadcom to develop advanced AI chipChina's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips f...
- TikTok owner ByteDance's chief warns against mediocrity as AI brings disruptionByteDance CEO Liang Rubo warned employees about the company's complacency and lack of attention to AI technology. He mentioned the delayed ...
- OpenAI suspends ByteDance’s account over ‘secretly using’ its AI techAccording to a report, internal ByteDance documents confirmed the "OpenAI API has been relied on to develop its foundational LLM". It was c...
- TikTok-owner tests ChatGPT-style bot after joining China AI raceTikTok’s owner has code-named the project “Grace,” a ByteDance spokesperson said without revealing more details. Employees using the servic...
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