Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China.

Competition is heating up in the field of artificial intelligence (AI) video-generation technology in China, after internet giant Tencent Holdings launched its new open-source HunyuanVideo-I2V model to developers.

A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend.

These companies are widely regarded as AI darlings in China. Alibaba's stock has surged 73% since its low in mid-January (as of this writing). JD and Tencent have also been firmly in rally mode, with the stocks up 41% and 30%, respectively, during the same timeframe. Recent developments suggest there could be more to come.

The undercurrent of China’s annual parliamentary meetings this week is U.S. trade tensions — and how Chinese technology is offsetting that pressure.

BEIJING (Reuters) -- Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China.

The changes have significantly reduced Tencent’s rights to use content that is uploaded and generated by users, said Zhao Zhanling, partner at Beijing Javy Law Firm. The revised terms now limit usage to purposes related to providing, maintaining, and improving services, which is much more reasonable, he added.

When Chinese President Xi Jinping gathered two dozen of the nation’s business leaders for a summit last week, one of the surprise attendees was a little-known, 34-year-old robot pioneer.

A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold—though experts advise caution.

BEIJING (Reuters) -Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic ...