According to Bloomberg, ByteDance has become Microsoft's largest AI customer, with annual spending on Microsoft AI and cloud services expected to exceed $1 billion in 2025. Alibaba, Meituan, and Tencent are also major buyers of Microsoft Azure cloud services.
Microsoft's AI business in China is

According to Tencent Cloud, on June 18, Tencent Cloud signed a cooperation agreement with China CITIC Bank International (CNCBI), a Hong Kong-based commercial bank and unit of CITIC Group. The partnership aims to support CNCBI's FinTech 2.0 strategy in Hong Kong and Macao, covering cloud services, A

According to Bloomberg, ByteDance has emerged as Microsoft's largest AI customer in China and is on track to spend over $1 billion annually on Azure cloud services. Ant Group, Meituan, and Tencent Holdings are also significant AI model customers through the

According to Enterprise Check, DeepSeek, a Shanghai-based AI research company, raised approximately 51 billion yuan in Series A financing on June 17, with an enterprise valuation of 400 billion yuan. Founders and major tech companies participated in the round, including founder Liang Wenfeng (approx

According to China Securities Journal, DeepSeek's Series A funding round has been finalized on June 16, with founder Liang Wenfeng personally contributing approximately 20 billion yuan as the largest single investor. Tencent is investing about 10 billion yuan, while the Ningde Times ecosystem

Gate announced today that it has added over 1,000 Hong Kong-listed stocks to its platform, including major companies such as Tencent Holdings, BYD Company, HSBC Holdings, CATL, China Mobile, Xiaomi Corporation,

According to Bloomberg, Enflame Technology, a Shanghai-based AI chip developer backed by Tencent, won approval for an initial public offering on Shanghai's STAR Market on June 15. The company plans to raise 6 billion yuan ($888 million) by selling 10% to 15% of its shares. Tencent holds a 20%

According to MPost, on June 15, Gate launched Hong Kong stock trading services, enabling users to trade 1,000+ Hong Kong-listed securities including Tencent, HSBC, CATL, and Xiaomi directly via USDT without currency conversion. The service is accessible through Gate App version 8.23.5 or higher and

According to The Information, Tencent has invested $20 million in a new AI lab founded by Lin Junyang, the former core leader of Alibaba's Qwen large language model, as of June 15. The Series A round raised hundreds of millions of dollars with a post-money valuation of approximately $2 billion,

According to Tencent Cloud, the TokenHub platform will reduce prices for two AI models effective June 12 and June 15, 2026. The Hy-MT2-Pro model pricing will drop starting today (June 12), with input costs down 66.67% and output costs down 55.56%. The MiniMax-M3 model will see a 50% reduction