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Pinduoduo returns some service fees to sellers after parent PDD pledges US$1.4 bln waiver

Chinese budget e-commerce platform Pinduoduo, run by Temu owner PDD Holdings, is offering partial refunds of service fees to merchants,…

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New Business Jobs

China approves 117 video games in August, the most in 2024, amid Black Myth: Wukong mania

The NPPA has licensed a total of 850 domestic titles in the first eight months of this year, compared with…

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Tech

Chinese AI apps eye overseas markets for growth amid tough competition, regulation at home

Chinese artificial intelligence (AI) app developers are increasingly eyeing international users, as the domestic market environment turns too competitive, according…

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Tech

Baidu, SenseTime lead China’s market for business-focused large language models, says IDC

Chinese artificial intelligence (AI) giants Baidu and SenseTime, along with start-up Zhipu AI, are the country’s biggest providers of business-facing…

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Tech

TikTok owner ByteDance launches new video search tool, eyeing Baidu’s dominance

TikTok owner ByteDance has launched a stand-alone app in China to search for short video content published on Douyin, bringing…

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New Business Jobs

China’s Black Myth: Wukong mania lifts sales of Sony’s PS5 console, other gaming hardware

The hit action role-playing game – developed by Tencent Holdings-backed studio Game Science and based on the classic Chinese novel…

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Tech

ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT,…

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Tech

ByteDance’s low profile founders donate US$28 million to alma mater Nankai University

The billionaire co-founders of TikTok owner ByteDance, Zhang Yiming and Liang Rubo, have made a joint donation to their alma…

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New Business Jobs

Alibaba’s long-awaited China stock link may provide timely boost

Chinese investors finally being able to buy shares of Alibaba Group Holding may provide a much-needed boost for the e-commerce…

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Tech

JD.com profit surges in second quarter after slashing prices, installing trade-in programme

Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan…

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