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Generative AI is turning every aspect of entertainment sector upside down, says iQiyi founder

Gong Yu, the founder and chief executive of the Chinese long-form video site iQiyi, highlighted that generative AI is causing significant changes in production methods, cost structures, and staffing arrangements, and these changes are expected to unfold over the next three to five years. He shared these insights during his speech on Thursday at the […]

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Florasis faces another PR storm following apology

Florasis, a Hangzhou-based makeup brand, has found itself embroiled in another controversy. This follows its earlier apology for comments made by top beauty influencer Li Jiaqi during a live-stream, where he suggested viewers consider whether they had “worked hard enough” to afford Florasis’ RMB 79 eyebrow pencil. According to reports, the statement released by the […]

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Chinese video games generate $17.346 billion revenue in overseas markets in 2022

In 2022, Chinese domestically developed video games generated a total sales revenue of $17.346 billion in overseas markets, according to a September 20 report by Jiemian, citing data from a state-run research institution. In 2022, the United States, Japan, South Korea, and Germany were key destinations for China’s mobile game exports, with the US, Japan […]

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Huawei’s HiSilicon unit begins shipping in-house surveillance camera chips

A unit of Huawei has begun shipping newly manufactured Chinese chips for surveillance cameras, according to a Sept. 20 report by Reuters, citing sources familiar with the unit’s activities. Huawei’s HiSilicon chip design division started shipments this year, and some of the customers involved are Chinese, sources told Reuters. In addition to these developments, Huawei […]

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Meng Wanzhou unveils Huawei’s “all intelligence” strategy for the next decade

Meng Wanzhou, who holds the rotating chairwoman position at Huawei Technologies, outlined the company’s new “all intelligence” strategy at a summit on Sept. 20, according to South China Morning Post (SCMP). This strategic shift marks a once-in-a-decade upgrade from the “all cloud” strategy introduced in 2013 and the “all IP” strategy in 2003. During her […]

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Qualcomm’s Shanghai R&D center reportedly undergoes layoffs

Qualcomm’s Shanghai research and development center may undergo layoffs, with compensation for employees ranging from N+4 months’ salary (N being the employee’s years of seniority) to a maximum of N+7 months’ salary, according to a Sept. 20 report by Tencent News. Qualcomm primarily focuses on the development and sales of smartphone chips. However, the company […]

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