Reddit seeking a valuation of up to $6.5 billion in IPO
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Reddit …
Tencent Holdings Ltd
IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI
A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company …
Electric air transport set to take off with air taxis, cargo deliveries
A model of a Wisk Aero LLC electric vertical takeoff and landing (eVTOL) air taxi during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024. Bloomberg | Bloomberg | …
China’s central bank encourages local businesses to accept foreign payment cards
A coffee shop at Beijing Capital Airport shows customers can use Visa, Mastercard, the digital Chinese yuan and other payment methods. CNBC | Evelyn Cheng BEIJING — China is encouraging …
Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into …
Tencent’s Riot Games division cuts 11% of staff to ‘create focus’
Ma ”Pony” Huateng, chairman and chief executive officer of Tencent Holdings Ltd., speaks during the Guangdong-Hong Kong-Macao Greater Bay Area Forum in Hong Kong, China, on Tuesday, June 20, 2017. …
Is China’s consumption story over? Here’s what experts are saying
A woman waits on her bicycle to cross an intersection outside a new shopping mall in Beijing, China, on Sept. 13, 2023. Kevin Frayer | Getty Images News | Getty …
Alibaba was once a Wall Street darling. What’s next?
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters BEIJING — It’s been a tumultuous 12 …
Baidu says its ChatGPT rival Ernie bot has more than 100 million users
HANGZHOU, CHINA – NOVEMBER 23: People learn about Baidu’s artificial intelligence (AI) chatbot service ERNIE Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November …
AI boom fails to propel China’s cloud market growth
An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — Excitement over artificial intelligence isn’t yet fueling …