Category: Startups & Innovation

The AI Free-Spending War in China: Yuanbao, Qwen, and Doubao Throw RMB 4.5 Billion (USD 648.5 million) at It—Who Is Defining the Next-Generation “Entrance”?

During the 2026 Spring Festival, China’s tech giants threw real money into the AI battlefield and kicked up a haze of smoke. Tencent Yuanbao splurged RMB 1.0 billion in cash red packets (USD 144.12 million), Alibaba’s Qwen followed with RMB…

Tencent’s AI “Second Half” Begins: Yao Shunyu Takes the Helm, Hunyuan 2.0 Draws the Sword—Can It Become a Belated All-Out Sprint?

In December 2025, an internal Tencent announcement nevertheless stirred up massive waves across the tech circle. Former OpenAI scientist Yao Shunyu (Vinces Yao) has formally taken office as Chief AI Scientist of Tencent’s “CEO Office,” while also leading the newly…