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4 results for “Chinese tech giant”
This Chinese Tech Giant Quietly Cut Its Buyback 80% to Fund AI - Yahoo Finance
A Chinese tech giant reduced its share buyback program by 80% to redirect capital toward AI development, signaling strategic reallocation amid competitive and regulatory pressures.
Aug 24, 2026
Chinese tech giant Tencent posts revenue beat on accelerating games sales, AI-driven ads
Tencent reported stronger-than-expected revenue driven by games and AI-powered advertising, even as its stock declined 26% year-to-date amid AI competition and investor concerns over escalating R&D spend.
Aug 12, 2026
Baidu begins testing its purpose-built Apollo Go RT6 robotaxis with human safety operators in outer London; Baidu plans to deploy the taxis on Lyft's Freenow (Kirsten Korosec/TechCrunch)
Baidu has initiated limited real-world testing of its Apollo Go RT6 robotaxis in outer London with human safety operators, as part of a commercial partnership with Lyft’s Freenow platform — marking its first autonomous vehicle deployment outside China and signaling expansion into European mobility markets.
Jul 28, 2026
Sources: Manus investors and management are discussing unwinding Meta's $2B buyout at the same valuation, with Tencent in talks to become the largest investor (Zijing Wu/Financial Times)
Manus AI's $2B acquisition by Meta is being unwound under Chinese regulatory directive, with Tencent negotiating to become the largest investor at the same valuation.
Jul 10, 2026