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tech unicorn

TikTok owner ByteDance’s ‘AI homework helper’ Gauth soars in US education apps market despite political headwinds

by Anas Siddiqui
TikTok owner ByteDance’s ‘AI homework helper’ Gauth soars in US education apps market despite political headwinds

A screenshot of the landing page for Gauth: AI Study Companion on Apple’s App Store. Photo: SCMP In July 2021, the General Office of the Chinese Communist Party and the …

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ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

by Anas Siddiqui
ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

While employees have started to receive their bonuses for the past year based on their performance review, those who were rated “M” or higher will be rewarded extra payment of …

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ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD

by Anas Siddiqui
ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD

Douyin Mall was launched last week as a downloadable app for Android users in mainland China, the world’s largest smartphone market. An Apple iOS version of the app was not …

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Chinese tech unicorn 01.AI admits ‘oversight’ in changing name of AI model built on Meta Platforms’ Llama system

by Anas Siddiqui
Chinese tech unicorn 01.AI admits ‘oversight’ in changing name of AI model built on Meta Platforms’ Llama system

Beijing-based 01.AI, whose value has reached more than US$1 billion in less than eight months since it was founded, on Tuesday described the matter as “an oversight” and that the …

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