TikTok owner ByteDance has sold a third studio to a Tencent-backed company as China’s video gaming industry continues its consolidation.
Lingxi Games has discontinued its Ant Engine project, as parent Alibaba pares down investment in its non-core businesses.
On Tuesday, the US revoked licenses allowing Huawei, a Chinese telecommunications giant blacklisted by the US, to buy semiconductors from Intel and rival Qualcomm Inc.
FTX said in a court filing it owes about US$11.2 billion to its creditors. The exchange estimates it has between US$14.5 billion and US$16.3 billion to distribute to them.
Further restrictions on access to Intel and Qualcomm chips would pose challenges to Huawei’s PC business, which has been gaining ground in the China market.
Expected granting of a licence follows CEO Elon Musk’s discussion with top Chinese officials last month, state-run newspaper China Daily reported.
The hottest app in China right now is an artificial intelligence-powered photo editor, the same one that went viral in the US last year for its ability to generate images of what a couple’s child could look like.
Xinhua, China Daily and others ran articles on Wednesday supporting TikTok and ByteDance’s lawsuit against the US government.
Data centre deals in the Asia-Pacific this year are expected to surpass the region’s record tally of US$3.45 billion in 2023.
Alat CEO Amit Midha said the only request so far has been to keep supply chains separate, but it would divest if asked because the ‘US is the number one partner for us’.
In addition to improvements like an OLED screen, the M4 chip comes with a faster neural engine that Apple says can handle AI tasks on device.
Eric Schmidt, the former chief executive of Google, said he had explored a possible purchase of TikTok, but has moved on from the idea of trying to acquire the video-sharing app from its Chinese owners.
Launched in partnership with a local tech group, ShoppyHub.mn aims to offer products from Chinese manufacturers on Alibaba’s wholesale marketplace 1688.com.
The Beijing-based start-up, dubbed one of the ‘four new AI tigers’ of China, is said to have plans to release ‘high-quality text-to-video tools’ by this year at the earliest.
KeeTa seized a 43 per cent share of the city’s food delivery market by order volume in the first quarter to surpass rival Foodpanda, which had a 37 per cent share in the same period.
Huawei’s return to the 5G smartphone market and the controversy over its advanced, made-in-China processor reflect the lengths taken by the company to build up its operations, following years of struggles on account of US trade sanctions.
While China had declared AI strategically important as early as 2018, ChatGPT has shattered illusions about the country’s technological prowess.
More than three years after China’s central bank started digital currency trials, adoption in one of the initial test beds, Suzhou, remains lethargic.
Tianjin Port is the latest technological showpiece of Huawei Technologies, as the world’s largest provider of phone network equipment reinvents itself after nearly four years of crushing US sanctions.