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The US Commerce Department adds 25 China-based companies, including Alibaba-backed LLM developer Zhipu AI and chip designer Sophgo, to its restricted trade list
(
www.reuters.com
)
2025-1-16
China
Alibaba
AI
Akamai plans to end its CDN services in China on June 30, 2026, saying customers can move to an Akamai CDN outside China or use local providers like Tencent
(
www.theregister.com
)
2025-1-8
China
Tencent
Tencent repurchased 3.93M Hong Kong shares worth $193M on January 7, its largest buyback since April 2006, following its addition to a US blacklist
(
www.bloomberg.com
)
2025-1-8
Hong Kong
Tencent
US Adds Tencent, CATL To List of Chinese Firms Aiding Beijing's Military
(
yro.slashdot.org
)
2025-1-7
China
Tencent
Tencent's stock drops 6%+ after the US DoD added it to a blacklist of companies with alleged ties to China's military; it may face delisting or index removals
(
www.bloomberg.com
)
2025-1-7
China
Tencent
Alibaba Cloud partners with 01.AI, the Beijing-based AI unicorn founded by former Google China head Kai-Fu Lee, to set up an “industrial large model laboratory”
(
www.scmp.com
)
2025-1-4
China
Google
Alibaba
AI
Alibaba cuts pricing of its vision-language AI model by 85% amid fierce competition in China
(
indianexpress.com
)
2025-1-2
China
Alibaba
AI
Alibaba cuts pricing of its vision-language model by 85% amid fierce competition in China
(
indianexpress.com
)
2025-1-2
China
Alibaba
Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business
(
www.bloomberg.com
)
2025-1-1
Retail
Alibaba
Alibaba Slashes Prices On LLMs By Up To 85% As China AI Rivalry Heats Up
(
slashdot.org
)
2025-1-1
China
Alibaba
AI
Ant Group's payment app Alipay adds an AI-powered image search feature as it tries to become a super app like rival Tencent's WeChat
(
www.scmp.com
)
2025-1-1
AI
WeChat
Tencent
Alipay
Alibaba cuts prices on its visual language model Qwen-VL by up to 85%, after cutting Qwen prices by as much as 97% in May, amid growing AI competition in China
(
www.cnbc.com
)
2025-1-1
China
Alibaba
AI
Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B
(
www.bloomberg.com
)
2024-12-26
Korea
Alibaba
Alibaba's Qwen unveils QvQ-72B-Preview, an experimental research model focused on “enhancing visual reasoning capabilities”, built upon Qwen2-VL-72B
(
qwenlm.github.io
)
2024-12-26
Alibaba
Report: Alibaba splits the team developing apps for its AI chatbot Qianwen from the team that builds its LLM, following similar moves by ByteDance and Baidu
(
www.scmp.com
)
2024-12-21
Alibaba
AI
chatbot
Sources: Apple is in early-stage talks with Tencent and ByteDance about integrating their AI models into iPhones sold in China; ChatGPT is unavailable in China
(
www.reuters.com
)
2024-12-19
China
AI
Apple
Tencent
Two Tencent-appointed Epic board directors resigned after the DOJ expressed antitrust concerns; Tencent also gave up its right to appoint future Epic directors
(
deadline.com
)
2024-12-19
Tencent
Omdia estimates Microsoft bought 485K of Nvidia's Hopper GPUs in 2024, ByteDance and Tencent bought ~230K each, Meta bought 225K, and Tesla/xAI bought ~200K
(
t.co
)
2024-12-18
Microsoft
Tesla
Tencent
Nvidia
Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss
(
www.bloomberg.com
)
2024-12-17
Alibaba
How Tencent's MoreFun Studios, on the verge of collapse a decade ago, is fueling the company's ambitions to create “evergreen” global gaming franchises
(
www.bloomberg.com
)
2024-12-11
Tencent
GroupM expects global ad industry revenue to grow 9.5% in 2024, passing $1T for the first time, with Google, Meta, ByteDance, Amazon, and Alibaba earning 50%+
(
t.co
)
2024-12-10
Google
Amazon
Alibaba
GroupM: global ad industry revenue will hit $1T for the first time in 2024; Google, Meta, ByteDance, Amazon, and Alibaba are expected to earn 50%+ of the total
(
www.ft.com
)
2024-12-9
Google
Amazon
Alibaba
Alibaba releases QwQ-32B-Preview under an Apache 2.0 license and claims the “reasoning” AI model beats OpenAI's o1 models on the AIME and MATH tests
(
techcrunch.com
)
2024-11-28
Alibaba
AI
Mathematics
Alibaba appoints Jiang Fan its new e-commerce chief in an overhaul of the struggling business; Jiang was demoted in 2020 after allegations of improper conduct
(
www.bloomberg.com
)
2024-11-21
Alibaba
Sources: Alibaba, ByteDance, and Meituan have been expanding their AI teams in Silicon Valley in recent months, despite US efforts to stymie Chinese companies
(
t.co
)
2024-11-19
China
Alibaba
AI
Alibaba reports Q2 revenue up 5% YoY to ~$32.4B, below ~$32.7B est., and net income up 58% YoY to ~$6.07B due to the performance of its equity investments
(
www.cnbc.com
)
2024-11-15
Alibaba
Equity
Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong
(
www.bloomberg.com
)
2024-11-13
Mobile
Tencent
Alibaba, JD, and Xiaomi report Singles' Day sales numbers they say make the shopping event one of the most productive yet, as China's economy continues to sag
(
www.bloomberg.com
)
2024-11-12
China
Alibaba
Xiaomi
Tencent partners with Visa to launch a palm biometric authentication payment service at stores and restaurants in Singapore, its first expansion outside China
(
t.co
)
2024-11-9
China
Tencent
Singapore
AppGrowing: in Q3, Moonshot, Zhipu, ByteDance, Alibaba, and other Chinese AI companies spent ~$70.2M to promote their AI chatbots, as the market gets crowded
(
www.scmp.com
)
2024-11-5
China
Alibaba
AI
chatbot
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