Spring has arrived for the world’s largest video gaming market with a “normal pipeline” resuming for the launch of new games as Beijing continues to ease its industry crackdown, analysts say, reports the South China Morning Post. Leading Chinese video game companies Tencent Holdings, NetEase and miHoYo, have started to test and launch at least […]
Category: Tech, Media & Telecom
Online budget shopping app Temu, owned by Chinese e-commerce giant PDD Holdings, kept up its momentum in the US in the first quarter with downloads jumping 57% as its cutthroat pricing buoys the app in a tough macroeconomic environment, reports the South China Morning Post. Temu saw 19 million downloads in the first three months of […]
SenseTime Group showed off a suite of new artificial-intelligence services developed with the company’s access to vast troves of data and deep computing power, including the latest Chinese challenger to AI phenom ChatGPT, reports Bloomberg. Chief Executive Officer Xu Li took the stage to demonstrate the large AI model SenseNova and a user-facing chatbot called […]
China’s BYD launched on Monday a new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products, reports Reuters. The system, BYD DiSus Intelligent Body Control System, is similar to the chassis suspension systems available in premium and luxury cars, such as Porsche’s Dynamic Chassis Control and Mercedes […]
ByteDance raked in a record underlying profit last year, overtaking China’s long-reigning tech giants Tencent and Alibaba for the first time even as losses mounted for its fast-growing TikTok business unit, reports the Financial Times. Earnings before interest, tax, depreciation and amortisation, ByteDance’s preferred metric for profitability, surged 79% to about $25 billion in 2022, according to […]