Is China ready to pay for AI? ByteDance’s Doubao loses 6 million users
ByteDance risks throwing away its lead in China’s fierce artificial intelligence consumer race by monetising too early, according to analysts, after its flagship chatbot Doubao shed millions of users following a sneak peek at paid-subscription tiers.
The assessment follows a 6.1 million drop in Doubao’s monthly active users (MAUs) in May – a rare slump for the app since its 2023 launch – after it teased its first-ever subscription options, according to data released on Wednesday by global AI...
China's Factory Activity Slows
- China’s manufacturing activity stayed flat in May after expanding for two straight months, reflecting the pressure from rising energy costs since the Middle East conflict began Wall Street Journal —
- China Factory Activity Worsens in Warning Sign for Economy Bloomberg —
- Soaring prices during the Iran war jeopardize travel to tourism-dependent countries in Asia The Independent —
- China's factory activity slows in May, raising questions over its economy ABC News —
- China’s factory activity slows in May, raising questions over its economy The Independent —