Rising costs reflect PDD’s deliberate choice to stabilize its ecosystem, even at the expense of short-term margins.

ByteDance has added real-time video calling to its Doubao chatbot, letting users activate their phone camera during voice calls for live AI assistance. Powered by a visual reasoning model, the feature ...

In June 2022, the Wuxi-based company had applied to list on the ChiNext board of the Shenzhen Stock Exchange, reaching the hearing stage by January 2023 before the process was terminated that same ...

ByteDance will ban third-party AI coding tools such as Cursor and Windsurf starting June 30, citing data leak risks. Developers have been instructed to switch to Trae, its in-house IDE powered by the ...

China's CGN has fully connected a 400MW offshore solar project in Laizhou Bay, Shandong. Touted as one of the largest fully operational projects of its kind to date, the site spans 500 hectares and ...

Douyin unveiled a new governance framework for managing viral content and trending topics, combining AI tools and human review for fact-checking, identity verification, and limits on monetization by ...

Believing AI should challenge rather than reinforce habits, Yu Bo is building YouMind to appeal to the better side of human ...

Joby Aviation has closed a USD 250 million investment from Toyota to advance certification and production of its electric air taxis. The funding marks the first tranche of a previously agreed deal and ...

The company has exited USD 15 billion in China sales and could lose up to USD 4.5 billion per quarter going forward. Adjusted gross margins are forecast to decline by more than 11 percentage points.

The deal marks a rare Chinese investment in South Korea’s music sector and comes amid expectations that China may lift its longstanding unofficial ban on K-pop performances. Tencent’s Level Infinite ...

Xiaomi posted a 161% YoY jump in Q1 net profit to RMB 10.9 billion, with revenue climbing 47.4% to a record RMB 111.3 billion. Growth was driven by SU7 EV deliveries, which reached 75,869 units, and a ...

KKR has reportedly launched its third Asia Pacific infrastructure fund, seeking to exceed the USD 6.4 billion raised by its predecessor in 2024. With a continued focus on energy, utilities, digital ...