Chinese video-sharing and gaming platform Bilibili has achieved quarterly profitability for the first time, a key milestone it has been striving for since going public in the US in 2018. The Shanghai-based company said in a statement on Thursday that it recorded an adjusted net profit of 235.9 million yuan (US$33.6 million) during the third … Read more
A safety executive at OpenAI made a rare speech at an event hosted by a major Chinese video streaming platform, calling for the responsible development of artificial intelligence (AI). Lilian Weng Li, a research vice-president on AI safety at the Microsoft-backed start-up, said at an event hosted by Chinese streaming platform Bilibili last week that … Read more
On a film set that resembles the medieval castle of a Chinese lord, Zhu Jian is busy disrupting the world’s second-largest movie industry. The 69-year-old actor is playing the patriarch of a wealthy family celebrating his birthday with a lavish banquet. But unbeknown to either of them, the servant in the scene is his biological … Read more
The professional education service Tencent Ketang, which translates to “classroom” in English, will cease operations on October 1, according to a notice posted on its website, without providing any reason. While users will no longer be able to access new courses on the platform from August 1, they can still watch lessons that have already … Read more
Xue Kan, the Communist Party secretary for Yangpu, once known for its heavy industries, told reporters at a media briefing on Friday that the district is trying to achieve a “cluster effect” by fully mobilising capital, talent and technologies to drive innovation and bolster the local economy. “We are pursuing the creation of 12 industrial … Read more
China’s first triple-A video game, Black Myth: Wukong, has emerged as a big hit more than two months before its official release, as initial domestic pre-orders were about 16 times oversubscribed as of Tuesday. An action role-playing game based on the classic Chinese novel Journey to the West published in the 16th century, Black Myth: … Read more
“If the content is AI-generated, it must be labelled,” WeChat said on Wednesday via its content-security account, Shanhu – the Chinese word for “coral”. The super app, marketed as Weixin on the mainland, will help identify AI-generated content (AIGC) on the platform by displaying the relevant tag at the bottom of a published post. WeChat … Read more
Hangzhou-based Alibaba, owner of the South China Morning Post, on Thursday signed a deal to sell 26.5 million Baozun shares to Champion Kerry for US$21.8 million, according to Baozun’s latest regulatory filing. Those shares represent about 14.4 per cent of the total outstanding shares of Baozun as of March 31 this year. That transaction followed … Read more
The app was rolled out last Friday for use on the US$3,499 mixed-reality headset, which the US tech giant released in February in the United States, the only market where the wearable device is currently available. Apple chief executive Tim Cook has said that the Vision Pro is expected to be available in China this … Read more
By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions on whether it can recapture its former glory while dealing with China’s economic slowdown, regulatory scrutiny and fierce competition from old and new rivals. The … Read more
