The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

China’s AI red-packet battle burns through US$1 billion – but will users stick around?

Source: scmp.com scmp.com
News Snapshot:

In an unprecedented Chinese New Year marketing blitz, Alibaba Group Holding, Baidu, ByteDance and Tencent Holdings spent an estimated 8 billion yuan (US$1.1 billion) to turn their artificial intelligence assistants into household names, according to Morgan Stanley.Now the dust is settling.A week after the holiday ended, early data offers a first glimpse into how China’s AI landscape is evolving and which players gained lasting traction from the spending spree.AdvertisementMorgan Stanley said all platforms experienced “traffic normalisation” once the promotions ended, although the extent of the pullback varied.Inside the spending blitz: who spent whatAlibaba publicly disclosed a 3 billion yuan headline…

Other China Tech Buzz: