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ByteDance Founder Zhang Yiming Tops China Rich List With US$99.7 Billion
Zhang Yiming's fortune rose 43% to $99.7 billion, making him China's richest person as AI drives new wealth among tech entrepreneurs.
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ByteDance emerges as China's largest data centre tenant driven by AI demand
ByteDance controls one-fifth of China's delivered data centre capacity as artificial intelligence demand drives a major infrastructure investment surge.
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Chinese AI firms generate $10.7 billion revenue, lagging US competitors by tenfold
Seven leading Chinese AI developers earned $10.7B annually, about 10% of OpenAI and Anthropic's combined $100B+ revenue, per Rhodium Group analysis.
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ByteDance AI drug discovery spin-off raises $290 million at $1.5 billion valuation
Shanghai-based Anew Labs closes $290M funding round at $1.5B valuation, backed by Sequoia China and IDG Capital for AI-powered pharmaceutical development.
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Alibaba deploys AI workers across rivals ByteDance and Tencent platforms
Alibaba Cloud launches QoderWake AI digital employees across rival workplace apps Feishu and WeCom, breaking from China's closed-ecosystem competition mode