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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...
- China tech giant Tencent sees Q1 profit jump after AI betsTencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan, driven by significant investments in the booming artifici...
- 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...
- Indian digital ad market likely to double to USD 22 bn by 2030: ReportIndia's digital advertising market is set for significant growth. Projections indicate it will double in five years, reaching up to 22 bill...
- 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...
- TikTok owner ByteDance sells gaming unit to Saudi group for over $6 billionTikTok owner ByteDance will sell its gaming studio Moonton to a Saudi-owned group for more than $6 billion, the firms and a person close to...
- China's ByteDance gets access to top Nvidia AI chips, WSJ reportsByteDance is working with Southeast Asian firm Aolani Cloud to deploy about 500 Nvidia Blackwell computing systems in Malaysia, totalling...
- 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. ...
- From viral videos to AI giant: How ByteDance built a tech empireByteDance is also using the data as the linchpin of a growing business in artificial intelligence. The company has invested billions of dol...
- 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 researcher wrongly added to AI safety groupchat: US standards bodyThe researcher was added to a Slack instance for discussions between members of NIST's U.S. Artificial Intelligence Safety Institute Consor...
- US standards body says ByteDance researcher wrongly added to AI safety groupchatA ByteDance researcher was wrongly added to NIST's groupchat but swiftly removed. Concerns over TikTok's privacy amidst a U.S. House bill t...
- China video app Douyin Group CEO resigns to take new role within ByteDanceZhang Nan, who also uses the English first name Kelly, posted on her personal social media account on WeChat that she was resigning from th...
- China's ByteDance to overhaul VR arm Pico as global demand declinesChina-based Pico held an internal meeting on Tuesday announcing the unit would keep its hardware team, but much of its software team would ...
- ByteDance says committed to VR business Pico after report of it shutting brandThe Pico headsets are often seen as ByteDance's answer to the popular Quest headsets developed by Meta Platforms Inc. Pico has the biggest ...
- ByteDance AI research head to leave as pressure mounts on TikTokBeijing-based ByteDance said on Tuesday the head of its artificial intelligence lab will leave the company, as its short-video app TikTok f...
- ByteDance digs deep; second corporate entity in India soonByteDance may formally file an application with the government for a corporate base.
- Former Disney executive Kevin Mayer named TikTok bossFormer Disney executive Kevin Mayer will become the head of TikTok and chief operating officer of the popular video app's parent company, t...
- TikTok's parent, ByteDance, launches global hiring spree with 10,000 new jobsLike rival Tencent Holdings Ltd, ByteDance’s social media channels have seen usage spike after the Covid-19 pandemic confined millions of p...
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