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Website title: International Edition | South China Morning Post

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WeChat to take commands from AI assistants in major shift for Tencent
Tencent Holdings is opening WeChat to smartphone artificial-intelligence agents, as the Chinese tech giant fights to keep the app’s 1.4 billion users locked into its ecosystem in the AI era. The new feature would allow a phone’s built-in voice assistant to send messages or start voice and video calls inside WeChat, according to a report on Thursday by Chinese financial news outl...

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DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL
Chinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, according to people familiar with the matter – marking a six-fold leap from its US$10 billion valuation in April. The blockbuster round highlights intensifying global competition and a shi...

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Is China ready to pay for AI? ByteDance’s Doubao loses 6 million users
ByteDance risks throwing away its lead in China’s fierce artificial intelligence consumer race by monetising too early, according to analysts, after its flagship chatbot Doubao shed millions of users following a sneak peek at paid-subscription tiers. The assessment follows a 6.1 million drop in Doubao’s monthly active users (MAUs) in May – a rare slump for the app since its 2023...

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US$1b windfall: how Meituan’s bets on AI, robotics outshine quarterly loss
Meituan is set to reap a sizeable financial windfall from its investments in frontier tech – including in fast-rising artificial intelligence company Zhipu AI – offering the Chinese food-delivery giant a timely boost after consecutive loss-making quarters. On Monday, Meituan posted an adjusted net loss of 4.97 billion yuan (US$735 million) for the three months ended March 31, ma...

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Alibaba elevates tech chief Wu Zeming to elite committee as AI push ramps up
Alibaba Group Holding chief technology officer (CTO) Wu Zeming has joined the company’s elite steering committee, joining co-founders Jack Ma and Joe Tsai in playing a central role in formulating the tech empire’s strategy. According to Alibaba’s website, the other members of the committee of the Alibaba Partnership are group CEO Eddie Wu Yongming and Jiang Fan, CEO of the e-com...

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