Tencent will acquire nearly 10% of SM Entertainment for about USD 180 million from Hybe, which is selling its remaining 2.2 million shares at a 15.3% discount. The deal marks a rare Chinese investment ...

Tencent’s Level Infinite has signed an MoU with Invest Qatar to co-develop the country’s gaming ecosystem. Announced at the Qatar Economic Forum, the partnership includes talent development, ...

GridCare has emerged from stealth with USD 13.5 million in seed funding to help AI infrastructure developers address power bottlenecks by accessing unused grid capacity. Backed by Temasek’s Xora, its ...

Kuaishou posted Q1 2025 revenue of RMB 32.6 billion, up 10.9% YoY, driven by gains in e-commerce, live streaming, and AI-powered ad services. Adjusted net profit rose to RMB 4.6 billion, while ...

PDD Holdings reported Q1 2025 revenue of RMB 95.7 billion, up 10% YoY, driven by gains in online marketing and transaction services. However, net income fell 47% to RMB 14.7 billion, and non-GAAP ...

Xiaomi posted a 161% YoY jump in Q1 net profit to RMB 10.9 billion, with revenue climbing 47.4% to a record RMB 111.3 billion. Growth was driven by SU7 EV deliveries, which reached 75,869 units, and a ...

Beijing has released a 2025 action plan to drive AI-powered upgrades in manufacturing. The 16-point strategy supports the development of datasets, foundation models, simulation tools, and embodied ...

Li Zhenguo, founder of Longi Green Energy, is stepping down from executive roles amid deepening losses, including a RMB 1.44 billion Q1 loss. He will shift focus to R&D as CTO, while chairman Zhong ...

While profits are up, Meituan is bracing for volatility as rivals ramp up discounting and regulators tighten oversight.

New model releases and a revamped AI agent development platform highlight Tencent’s push toward practical, enterprise-focused ...

China’s commerce ministry will meet with automakers including BYD and Dongfeng Motor, along with industry bodies, to discuss the rise of used vehicles that are registered but never driven. The ...

Nio has unveiled refreshed versions of its ET5 and ET5T EVs, featuring more than 500 upgrades across design, comfort, and performance. Despite the enhancements, both models retain a starting price of ...