Super app WeChat, operated by video gaming and social media giant Tencent Holdings, continues to strike a delicate balancing act between its role as a major revenue stream for the Shenzhen-based company and a vital public-service platform in mainland China, according to analysts. With more than 1.3 billion monthly active users (MAUs), the 13-year old … Read more
The US e-commerce giant told Chinese merchants in an invite-only meeting on Wednesday that this new online budget marketplace will feature non-branded fashion items, household goods and daily necessities, which will ship directly to consumers from warehouses on the mainland in nine to 11 days. That plan, first reported by online tech publication The Information, … Read more
OpenAI’s upcoming ban on China-based developers’ access to its service is set to contribute to the growth of the Chinese artificial intelligence (AI) sector rather than hinder its progress, industry insiders and analysts said. “OpenAI halting China market access will only accelerate the Chinese large language model (LLM) industry’s growth,” Zhou Hongyi, founder and chief … Read more
