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Feb 2 • 14:00 UTC • 🇨🇳 China • South China Morning Post

Red packet rumble: will Tencent’s cash giveaway work again in crowded AI market?

Tencent is attempting to replicate the success of WeChat Pay with its AI app Yuanbao through substantial cash giveaways, but analysts doubt this strategy will be effective due to strong competition from rivals like ByteDance and Alibaba.

#tencent #ai #yuanbao #competition #byteDance
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