During the Guangdong High-Quality Development Conference, Huawei’s Chairman Liang Hua announced that the company’s 2024 annual sales revenue had exceeded 860 billion yuan, marking the second-highest figure in its history. This impressive milestone highlights Huawei’s resilience and innovation in navigating a complex global environment. A closer analysis reveals the key drivers behind this achievement. Consistent […]
artificial intelligence
China Holds 63% of Global Humanoid Robot Supply Chain
Morgan Stanley’s recent report, Humanoid 100: Mapping the Value Chain of Humanoid Robots, has shed light on the remarkable rise of China within the global humanoid robot industry. Holding 63% of the global humanoid robot supply chain, China’s contribution spans critical hardware, integrated systems, and innovation ecosystems. China’s Key Role in the Humanoid Robot Industry […]
DeepSeek and the Reluctant Disruptor: How Wang Wenfeng is Redefining China’s AI Ambitions
Few entrepreneurs in China’s burgeoning artificial intelligence sector have sparked as much intrigue as Wang Wenfeng, the founder of DeepSeek. A quiet yet calculated force in the industry, Wang has propelled his company to the forefront of AI research—not merely as a competitor to China’s technology giants but as a rare proponent of fundamental research […]
China’s MaaS Market Hits RMB 2.5 Billion
IDC reports that China’s Model-as-a-Service (MaaS) market reached RMB 2.5 billion in the first half of 2024. According to IDC’s latest study, China Model-as-a-Service (MaaS) and AI Large Model Solutions Market sector is forecast to maintain robust momentum through 2028, with a projected compound annual growth rate (CAGR) of 64.8%. By 2028, the MaaS market […]
China’s LLM Market Overview: Scaling Trends, AI Agents, and Emerging Technologies
As China’s AI industry accelerates, the development and deployment of large language models (LLMs) have become a central focus. From shifts in scaling paradigms to the rise of AI Agents and AI-powered hardware like smart glasses, the LLM landscape is rapidly evolving. Here’s an in-depth look at the trends and breakthroughs shaping the sector. Scaling […]
China’s Generative AI Software Market to Reach $3.54 Billion by 2025
The International Data Corporation (IDC) has unveiled a report that sheds light on the rapid evolution of the generative AI software market in China, which IDC forecasts will hit $3.54 billion by 2025. The Demand for Unified AI Development Platforms As enterprises increasingly adopt generative AI applications, the report emphasizes the pressing need for a […]
Tencent’s in Q3 2024: mini program GMV over 2T yuan
Tencent Holdings Limited, the Shenzhen-based internet and technology giant, showcased a robust performance for the third quarter of 2024, with revenues reaching RMB 167.2 billion (USD 23.9 billion), an 8% year-on-year (YoY) growth. The company’s results reflect strong execution across key business sectors—gaming, social media, cloud services, and financial technology—alongside strategic initiatives to leverage artificial […]
China’s AI Advantage: Faster, Cheaper Commercialization of Large Models, Says Kai-Fu Lee
As AI technology moves from breakthrough innovations to widespread commercial applications, China’s AI landscape is gaining confidence in its ability to compete globally, particularly with Silicon Valley. According to Kai-Fu Lee, former Google China president and founder of AI startup 01.AI, Chinese AI firms have a unique edge over their U.S. counterparts: faster and more […]
China’s Cloud Market Enters a New AI Era
The landscape of China’s cloud services industry is undergoing a seismic shift, propelled by the burgeoning applications of artificial intelligence (AI). As the sector moves beyond the intense competition over large-scale AI models that characterized last year, this year marks the rise of AI-driven applications as the new battleground. This evolution signals a transformative phase […]
China’s Generative AI Market Ecosystem Overview
As the generative AI market matures, China’s landscape is swiftly solidifying into a competitive environment driven by the country’s leading tech giants, innovative AI startups, and established AI companies. According to the latest report from QuestMobile, the generative AI market in China is developing into a tripartite ecosystem with significant contributions from top internet companies, […]
3 Chinese Apps in Top 10 AI Apps
In the rapidly evolving world of AI, one might expect global giants like Alibaba to dominate. However, as of the first half of 2024, it’s Zuoyebang, the former leader in online education, that has taken the AI landscape by storm. According to data from Sensor Tower, Zuoyebang has made significant strides in the U.S. market […]
China’s AI Industry Reaches New Heights with $521 Billion in Total Funding
At the recently concluded World Artificial Intelligence Conference (WAIC) 2024, significant insights and forecasts for the AI industry were revealed. Among the highlights was the substantial growth in China’s AI sector, with total funding reaching 3776.2 billion RMB (about US$521 billion). The conference underscored China’s pivotal role in the global AI landscape, featuring prominent predictions […]
IDC Highlights Autonomous Driving Technology Advancements
Recent advancements in technology, especially in artificial intelligence (AI), have propelled the connected, autonomous, shared, and electric (CASE) mobility trend. This has resulted in a highly competitive automotive industry in China. The new report from IDC China, “Autonomous Driving Capabilities Assessment, 2024,” delves into the progress of autonomous driving technology and evaluates the features of […]
Baidu Reports Q1 2024 Results, Highlights Developments in AI and Cloud Services
Baidu announced its unaudited financial results for Q1 2024, reflecting the company’s operational performance and key developments.
ByteDance’s AI Surge: Introducing the Doubao Model Family
In the ever-evolving field of artificial intelligence, ByteDance has taken a significant leap forward with its recent announcements at the annual “Force Conference.” This event showcased ByteDance’s commitment to advancing AI, unveiling a series of updates from foundational models to top-layer applications under its subsidiary, Volcano Engine.