中国互联网

Sources: Tencent and NetEase reconsider or scale back Japanese game studio investments, after the strategy yielded few hit games and the Chinese market revived (www.bloomberg.com)
2024-8-30 China Japan Tencent

Alibaba releases Qwen2-VL, a new AI model that it says can analyze videos longer than 20 minutes to summarize and answer questions about the videos' content (venturebeat.com)
2024-8-30 Alibaba AI

Chinese tech giants splurge on AI infrastructure, doubling their capex in 2024; Alibaba, Tencent, and Baidu had a combined ~$7B capex in H1 2024, up 117%+ YoY (www.ft.com)
2024-8-29 China Alibaba AI Tencent

Chinese-made, Tencent-backed game Black Myth: Wukong sold 10M copies in just 83 hours, one of the fastest game debuts in history, earning an estimated $450M+ (www.bloomberg.com)
2024-8-26 China Tencent

Chinese tech giants splurge on AI infrastructure, doubling their 2024 capex; Alibaba, Tencent, and Baidu had a combined capex of ~$7B in H1 2024, up 50%+ YoY (t.co)
2024-8-26 China Alibaba AI Tencent

Shareholders approve upgrading Alibaba's Hong Kong listing, which expects to attract billions of dollars in Chinese investment, to primary status on August 28 (www.bloomberg.com)
2024-8-23 China Hong Kong Alibaba

Since 2023, Chinese investors, including Alibaba and Tencent, have valued 6+ China-based startups developing LLMs, dubbed “Little AI Dragons”, at $1B+ each (www.wsj.com)
2024-8-21 China Alibaba Startup AI Tencent

Black Myth: Wukong, a Chinese-made, Tencent-backed game, became Steam's fourth most popular title ever within hours of its launch with 1.4M+ concurrent players (www.bloomberg.com)
2024-8-20 China Tencent

Alibaba reports Q1 revenue up 4% YoY to ~$34B, below ~$34.9B est., and net income down 27% YoY to ~$3.4B, after aggressive promotions failed to drive spending (www.bloomberg.com)
2024-8-15 Alibaba

Tencent says it is exploring with Apple ways to offer in-app transactions via iOS' payment system, the first acknowledgment of talks with Apple (www.bloomberg.com)
2024-8-15 IOS Apple Tencent

Tencent reports Q2 revenue up 8% YoY to ~$22.5B, meeting est., and a $6.6B net income, above $5.6B est., after releasing blockbuster Dungeon & Fighter Mobile (www.bloomberg.com)
2024-8-14 Mobile Tencent

Sources: Chinese generative AI startup Moonshot raised $300M+ at a $3.3B valuation from Tencent, Alibaba, and others, after raising $1B in February 2024 (www.bloomberg.com)
2024-8-5 China Alibaba Startup AI Tencent

Sources: Apple in recent months has demanded Tencent and ByteDance close loopholes used by their in-app creators to funnel users to external payment systems (www.bloomberg.com)
2024-8-2 Apple Tencent

Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba (www.bloomberg.com)
2024-7-25 Alibaba Startup AI Shenzhen Shanghai

In an effort to compete with Shein and Temu, Alibaba's Taobao and Tmall offer qualified merchants, selling goods in the fashion category, free overseas shipping (www.scmp.com)
2024-7-24 Alibaba

Tencent-backed Shift Up closed up ~18% after raising $320M in its Seoul IPO, the largest South Korean IPO by a gaming company since Krafton raised $3.8B in 2021 (www.bloomberg.com)
2024-7-11 Korea IPO Tencent

Hugging Face unveils Open LLM leaderboard v2 that tests models across six benchmarks; Chinese models dominate the top 10 with Alibaba's Qwen taking the top spot (www.tomshardware.com)
2024-6-29 China Alibaba

Tencent's shares are up 28% so far in 2024 after the strong debut of Dungeon & Fighter Mobile, adding $91B in market value, more than any other Chinese company (www.bloomberg.com)
2024-6-28 China Mobile Tencent

As tech companies grapple with the limited availability of Nvidia chips globally, Chinese companies like Alibaba face a tougher situation due to US restrictions (www.theinformation.com)
2024-6-28 China Alibaba Nvidia

Citizen Lab: Microsoft censors its Bing translation service more extensively in China than its competitors like Baidu Translate and Tencent Machine Translation (restofworld.org)
2024-6-27 China Microsoft Tencent

Sensor Tower: Dungeon & Fighter Mobile generated $270M in Chinese iOS sales in the 30 days after its launch on May 21, marking Tencent's biggest release in 2024 (www.bloomberg.com)
2024-6-26 IOS China Mobile Tencent Sensor

A look at Tencent's removal of hit game Dungeon & Fighter from Android app stores in China, some of which have default sales split of 50% on games revenue (www.bloomberg.com)
2024-6-26 Android China Tencent

Alibaba creates an English language version of Modelscope, an Amazon Bedrock like service for building AI models launched in 2022, and claims to host 5K+ models (www.theregister.com)
2024-6-25 Amazon Alibaba AI

Data provider Syntun: total GMV during China's 618 online shopping event fell 7% YoY to $102B, in first-ever drop; Alibaba, JD, and PDD didn't release GMV data (t.co)
2024-6-22 China Alibaba

Tencent removes hit game Dungeon & Fighter from select Android app stores after its contracts expired; local media says the app stores include Huawei and Oppo (www.reuters.com)
2024-6-20 Android Tencent OPPO

Sources: Apple held talks with Baidu, Alibaba, Baichuan AI, and others to help offer Apple Intelligence in China as ChatGPT isn't available in the country (www.wsj.com)
2024-6-20 China Alibaba AI Apple Intelligence

Sources: Huawei, which is considering taking a cut of in-app purchases on HarmonyOS, nears a deal with Tencent to exclude WeChat from revenue sharing (www.bloomberg.com)
2024-6-19 WeChat Tencent

Ant Group spent a record ~$2.9B on research in 2023, as the Alibaba affiliate develops its BaiLing LLM; Ant and affiliate MYbank served 87M businesses by 2023 (www.bloomberg.com)
2024-6-13 Alibaba

Tencent-owned Supercell, the developer behind Clash of Clans, releases Squad Busters, its first title in over five years; Supercell had €1.7B in 2023 revenue (t.co)
2024-5-29 Tencent

Sensor Tower: Tencent's Dungeon & Fighter Mobile generated $140M+ in player spending in its first week in China, and 2.6M iOS users downloaded the game in China (www.bloomberg.com)
2024-5-29 IOS China Mobile Tencent Sensor

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