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Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud…

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New Business

Demi Lovato embraces new ‘Martha Stewart’ phase, enjoys baking and early nights

Demi Lovato, the multifaceted singer and entertainer, has announced a delightful new phase in her life, playfully dubbed her “Martha…

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Tech

China’s foldable smartphone market heats up with Samsung-ByteDance AI pact, Xiaomi launch

Beijing-based Xiaomi – the world’s third-largest smartphone vendor in the June quarter, according to research firm IDC – is expected…

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Tech

ByteDance, Alibaba, SenseTime lead generative AI infrastructure services market in China

GenAI refers to algorithms that can be used to create new content – including audio, code, images, text, simulations and…

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Tech

US dollars exit China’s VC market, ending 2-decade marriage that enabled rise of start-ups

A sea change is taking place in China’s venture capital (VC) industry as the two-decade marriage between US investors and…

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New Business

Trump says ‘I’m for TikTok’ as potential US ban looms

Republican presidential candidate Donald Trump said he supports TikTok even as a potential ban looms if Chinese parent company ByteDance…

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Tech

Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion

Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5…

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Tech

TikTok owner ByteDance adjusts share option policy in favour of staff in tax, cash-in arrangements

ByteDance, the owner of popular short video app TikTok, is adjusting its policy on share options so that employees can…

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Tech

Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price…

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Tech

ByteDance-owned TikTok explores local services markets in Indonesia and Thailand

TikTok, the global hit short video platform owned by ByteDance, is set to jump into Southeast Asia’s local services sector,…

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