Haidilao operator Super Hi reported Q1 2025 revenue of USD 197.8 million, up 5% YoY, with net profit of USD 11.9 million reversing a USD 4.5 million loss last year. The swing was driven by USD 20 ...

iQiyi's net income fell 72% YoY to RMB 182 million in Q1 2025 as revenue declined 9% to RMB 7.19 billion. The drop was driven by a lighter content slate and weaker ad sales. Reductions in content ...

Meitu has partnered with Alibaba in a USD 250 million deal involving convertible bonds, marking a deepening collaboration in AI, e-commerce, and cloud services. Meitu will integrate its AI tools into ...

Baidu reported Q1 2025 net income of RMB 7.7 billion, up 42% YoY. Core revenue rose 7% as AI cloud and autonomous mobility ...

The scope and the speed of the climbdown took many by surprise. According to analysts from Morgan Stanley, the effective US ...

Xia Zhongpu, who led Li Auto’s end-to-end assisted driving program, has left the company amid its pivot to ...

Xia Zhongpu exits Li Auto amid reported disagreements over its assisted driving strategy, as the company pivots to a model ...

Beijing has warned that firms or individuals complying with US curbs on Huawei’s AI chips could face legal action under China’s anti-foreign sanctions law. The warning follows US guidance suggesting ...

Alibaba’s culture and entertainment group has rebranded as Hujing, which means orca in Chinese, while subsidiary Alibaba Pictures will become Damai Entertainment. The shift reflects a renewed focus on ...

With traditional data sources exhausted, the Digital China-backed firm sees enterprise ops as the next rich substrate for AI ...

At its AI industry summit on May 21, Tencent senior exec Dowson Tong said the company will ramp up AI investment, aiming for broader deployment across its operations with a focus on models, agents, ...

China and ASEAN have concluded talks on the 3.0 version of their free trade agreement, launched in 2022. The revised pact will add nine new chapters covering digital trade, green economy, supply ...