Chinese tech workers fear being 'optimised' out of jobs as companies like Meituan, Baidu, and Xiaomi cut roles amid AI adoption, with layoffs often euphemized as 'organizational restructuring'.…
Hong Kong's Hang Seng Index briefly slipped below 23,000 for the first time in a year, led by a 4.2% drop in Alibaba after Anthropic accused it of illicitly extracting AI capabilities. The decline ref…
Tencent has begun testing an AI assistant named Xiaowei inside WeChat, allowing users to perform tasks via text or voice commands. The company plans a public rollout in Q3, aiming to turn the super ap…
Liontrust Global Technology Fund has nearly doubled its China exposure from 6% to 11%, rotating profits from US tech giants like Nvidia and Apple into Chinese internet companies such as Tencent, Meitu…
ByteDance is Microsoft's largest AI customer, spending over $1 billion annually on OpenAI models via Azure, even as U.S. regulators tighten rules on Chinese AI access. Microsoft's AI revenue in China …
Microsoft has sold OpenAI models to major Chinese technology companies including ByteDance, Ant Group, Meituan, and Tencent Holdings, with ByteDance on track to spend over $1 billion annually on Micro…
Microsoft has built a significant business selling OpenAI models to Chinese tech giants including ByteDance, Ant Group, Meituan, and Tencent, despite U.S.-China tensions over AI. ByteDance alone is on…
Global investors are increasingly splitting Chinese tech stocks into AI winners and losers, with a pair trade strategy going long on Alibaba and short on Meituan returning around 130% year-to-date. Th…
Three software engineers wrote to a developer asking whether AI will replace their jobs entirely. The author argues that learning to use AI is only a temporary advantage, and that the real solution is…