aka Ping. @technology reporter. Tweeting about crypto, gaming & all things Chinese internet. Ex @SCMPTech, @qz. Views mine. No endorsements.
BJ via HK via SH
Joined August 2014
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Zheping Huang retweeted
DeepSeek aims to lead the first round of investment for a months-old startup building AI for robots, deploying capital from its own $12 billion-plus financing to help bankroll one of the tech industry’s fastest-growing fields. bloomberg.com/news/articles/…
Zheping Huang retweeted
Meta has completed an operational split from Manus and halted data sharing between the two companies bloomberg.com/news/articles/…
Zheping Huang retweeted
In China’s AI arena, Alibaba has outpaced Tencent with the sheer speed of rollouts and user growth. But the latter firm is now seizing the initiative as agentic AI fever grips the country bloomberg.com/news/articles/…
Zheping Huang retweeted
Alibaba’s tech lead for its Qwen open-source model is standing down, a surprise move that is rattling the global developer community and casting a shadow over the tech giant’s pivot into AI bloomberg.com/news/articles/…
Zheping Huang retweeted
This Bloomberg chart shows how massive Tencent's international gaming business is - after decades of M&A and organic growth.
This does NOT include China gaming revenue.
Tencent's international gaming unit is led by Michelle Liu.
bloomberg.com/news/articles/…
Zheping Huang retweeted
Does China have the world’s best and cheapest food delivery apps?
As JD.com revives its fight in the country’s $80 billion-plus food delivery market, @allenwan290 puts three apps to the test to see who will deliver his Shake Shack lunch order the fastest bloom.bg/460zxuQ
Zheping Huang retweeted
The "Tech Madman" founder threatening US dominance in the AI race.
The June cover of Businessweek magazine: Inside China's DeepSeek w/ @AustinCarr @pingroma @BW @business @technology
Gift link: bloomberg.com/news/features/…
#AI
Zheping Huang retweeted
ByteDance’s major investors have marked up the TikTok owner’s valuae to more than $400B. While it's always been exposed to geopolitical risks surrounding US-China, it is now one of SoftBank Vision Fund's more treasured assets.
Latest w/ @pingroma
bloomberg.com/news/articles/…
Zheping Huang retweeted
New investigation inside NetEase Games. CEO is slashing games, hundreds of jobs and investment.
There was even talk of not releasing Marvel Rivals. CEO wants games that generate hundreds of millions, have original IP, per sources. w/ @pingroma @6d6f636869 bloomberg.com/news/articles/…
Zheping Huang retweeted
Source Code Capital, among the earliest backers of TikTok owner ByteDance, is halving its fundraising target to about $150 million, people familiar with the matter said bloomberg.com/news/articles/… via @business @pingroma
Zheping Huang retweeted
Black Myth: Wukong has sold 18 million copies in two weeks — one of the fastest starts the global gaming industry has seen. That record pace has in turn minted millions for its earliest and biggest investor. trib.al/6J8YXJJ
Zheping Huang retweeted
I’m quoted in this @business article on the successful launch of Black Myth: Wukong.
bloomberg.com/news/articles/…
Zheping Huang retweeted
Alibaba reports Q1 revenue up 4% YoY to ~$34B, below ~$34.9B est., and net income down 27% YoY to ~$3.4B, after aggressive promotions failed to drive spending (@pingroma / Bloomberg)
bloomberg.com/news/articles/…
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Zheping Huang retweeted
Tencent reports Q2 revenue up 8% YoY to ~$22.5B, meeting est., and a $6.6B net income, above $5.6B est., after releasing blockbuster Dungeon & Fighter Mobile (@pingroma / Bloomberg)
bloomberg.com/news/articles/…
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Zheping Huang retweeted
Sources: Chinese generative AI startup Moonshot raised $300M+ at a $3.3B valuation from Tencent, Alibaba, and others, after raising $1B in February 2024 (@pingroma / Bloomberg)
bloomberg.com/news/articles/…
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Zheping Huang retweeted
A look at Tencent's removal of hit game Dungeon & Fighter from Android app stores in China, some of which have default sales split of 50% on games revenue (@pingroma / Bloomberg)
bloomberg.com/news/newslette…
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Zheping Huang retweeted
Tencent's Dungeon & Fighter Mobile raked in $270 million just 30 days after launch 🔥
Niko Partners estimated that the game's gross revenue will hit 15 to 18 billion RMB this year 📈
Read more about the blockbuster on this article by @pingroma
bloomberg.com/news/articles/…
Zheping Huang retweeted
Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net income down 6% YoY to ~$755M, above ~$554M est. (@pingroma / Bloomberg)
bloomberg.com/news/articles/…
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Zheping Huang retweeted
A tablet that looks like an interactive photo frame, deepfake video calls where the face is swapped with the dead...these are the ways Chinese companies are using deepfake techs to clone people's lost loved ones, hoping to help them to grieve.
my latest: technologyreview.com/2024/05…
