Chinese technology giants Tencent and Alibaba Group are reportedly in discussions to participate in a new funding round for AI startup DeepSeek, marking a significant development in China’s fast-growing artificial intelligence sector.

Alibaba Group has introduced a new advanced artificial intelligence model designed to compete directly with domestic rivals such as Tencent and global leaders in the rapidly evolving AI sector.

Alibaba Group Holding Ltd has unveiled a new artificial intelligence model capable of generating 3D environments and interactive video, marking a direct push into Tencent Holdings Ltd’s core gaming and content territory as China’s tech giants race to monetise AI.

Tencent Holdings reported a 13% increase in fourth-quarter revenue, driven by strong gaming demand and expanding artificial intelligence services, reinforcing its position as China’s leading social media and gaming company.

Alibaba is accelerating its artificial intelligence strategy by focusing on AI agents that connect the company’s sprawling ecosystem of businesses.

Apple is cutting commission fees for its App Store in mainland China, a major win for Chinese app developers after apparent pressure from government regulators in the tech giant’s second-largest market.

China’s excitement for OpenClaw, an open-source AI program, is driving a stock rally among local tech firms embracing the platform.

Tencent is considering investing several hundred million dollars in Paramount Skydance’s planned acquisition of Warner Bros. Discovery, according to people familiar with the matter.

ByteDance’s AI chatbot Doubao drew more than 100 million daily active users (DAU) during China’s Lunar New Year holiday, emerging as the clear winner in a fierce user-acquisition battle among the country’s biggest tech firms, according to private survey data.