@pingroma

aka Ping. @technology reporter. Tweeting about crypto, gaming & all things Chinese internet. Ex @SCMPTech, @qz. Views mine. No endorsements.

 BJ via HK via SH
bloom.bg/2WrQXNJ
Joined August 2014
  • Tweets3.9K
  • Following2.2K
  • Followers11.6K
476Media
China’s move to unwind Meta’s $2 billion takeover of Manus has become a cautionary tale for the nation's tech industry. Read our deep dive on what went wrong for a startup once hailed as another "DeepSeek moment" shorturl.at/wBHCa

China’s Meta Backlash Renders Manus Model ‘Officially Dead’

The AI startup Manus, once hailed as a breakthrough that would challenge Silicon Valley’s dominance, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta...

bloomberg.com
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Zheping Huang retweeted
Bloomberg
@businessOct 12
DeepSeek aims to lead the first round of investment for a months-old startup building AI for robots, deploying capital from its own $12 billion-plus financing to help bankroll one of the tech industry’s fastest-growing fields. bloomberg.com/news/articles/…

DeepSeek Backs Ex-Tencent AI Scientist’s $400 Million Robot Lab

DeepSeek aims to lead the first round of investment for a months-old startup building AI for robots, deploying capital from its own $12 billion-plus financing to help bankroll one of the tech...

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Exclusive: Backed by 5Y Capital and IDG, former ByteDance intern @keyutian is launching a $200M world-model lab. He’s taking a radically different approach than pioneers like Fei-Fei Li or Yann LeCun shorturl.at/oRnXE

Ex-ByteDance Intern’s $200 Million AI Lab Takes On Fei-Fei Li

A former ByteDance Ltd. intern has secured funding from venture heavyweights including 5Y Capital for a stealth startup to take on AI pioneers such as Fei-Fei Li in the nascent realm of world models.

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SCOOP: Chinese-founded AI startup Manus is set to double its valuation to $4 billion in its first fundraising since Beijing ordered it to split from Meta bloomberg.com/news/articles/… w/ @Hazeology

Manus Eyes $4 Billion Value in First Round Since Meta Breakup

Chinese-founded AI startup Manus is set to double its valuation to $4 billion in its first fundraising since Beijing ordered it to split from Meta Platforms Inc., charting a path to a fresh start...

bloomberg.com
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Zheping Huang retweeted
Bloomberg
@businessJun 11
Meta has completed an operational split from Manus and halted data sharing between the two companies bloomberg.com/news/articles/…

Meta Severs Manus Data Access After China Orders Buyout Unwound

Meta Platforms Inc. has completed an operational split from Manus and halted data sharing between the two companies, taking a pivotal step toward unwinding a $2 billion acquisition opposed by Beijing.

bloomberg.com
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Techmeme
@TechmemeMay 7
Moonshot, the Chinese AI startup behind Kimi chatbot, raised ~$2B at a $20B+ valuation led by Meituan's venture arm; Moonshot's ARR topped $200M in April 2026 (@pingroma / Bloomberg) (Visit Techmeme dot com for the link and full context!)
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A poster in the Manus office once laid out a simple mandate: “Go Big or Go Die.” In retrospect, it looks like a self-fulfilling prophecy. A timeline of the AI startup's rapid ascent from a viral demo to its now-thwarted $2 billion exit:
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Zheping Huang retweeted
Bloomberg
@businessMar 17
In China’s AI arena, Alibaba has outpaced Tencent with the sheer speed of rollouts and user growth. But the latter firm is now seizing the initiative as agentic AI fever grips the country bloomberg.com/news/articles/…

Tencent Seizes Momentum in China’s AI Race Against Alibaba

In China’s hyper-competitive AI arena, Alibaba Group Holding Ltd. has outpaced Tencent Holdings Ltd. with the sheer speed of rollouts and user growth. But the latter firm is now seizing the initiat...

bloomberg.com
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When China’s OpenClaw frenzy gets too literal 🦞
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The night when I ate crayfish at a openclaw meetup in BJ 🦞
Bloomberg
@businessMar 10
Excitement for building AI agents with OpenClaw is reaching fever pitch in China bloomberg.com/news/newslette…

China’s Tech Scene Is Buzzing With OpenClaw Hype and Products

Excitement for building open source AI agents is reaching fever pitch

bloomberg.com
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Bloomberg
@businessMar 4
Alibaba’s tech lead for its Qwen open-source model is standing down, a surprise move that is rattling the global developer community and casting a shadow over the tech giant’s pivot into AI bloomberg.com/news/articles/…

Alibaba Qwen Head Who Warned of OpenAI Gap Steps Down

The architect of Alibaba Group Holding Ltd.’s chief AI model has resigned, a surprise departure that’s rattled the developer community and raised questions about the Chinese online leader’s pivot to...

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Bloomberg
@businessFeb 17
Moonshot is targeting a valuation of $10 billion in an expansion of a funding round already backed by Alibaba and Tencent bloomberg.com/news/articles/…

China AI Startup Moonshot Seeks $10 Billion Value in New Funding

Moonshot is targeting a valuation of $10 billion in an expansion of a funding round already backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd., seeking to tap strong interest in Chinese...

bloomberg.com
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JUST IN: Alibaba-backed Moonshot AI has unveiled Kimi K2.5, an upgraded omni-model that integrates native visual and text understanding. The Beijing startup just closed a $500M Series C at a $4.3B valuation, bolstering its bid to match frontier US labs shorturl.at/91IU0
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Kimi's technical blog here: kimi.com/blog/kimi-k2-5.html

Kimi K2.5 Tech Blog: Visual Agentic Intelligence

Kimi K2.5 defines Visual Agentic Intelligence. Trained on 15T tokens, it introduces SOTA visual coding and autonomous agent swarm. Read the full tech blog.

kimi.ai
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This Bloomberg chart shows how massive Tencent's international gaming business is - after decades of M&A and organic growth. This does NOT include China gaming revenue. Tencent's international gaming unit is led by Michelle Liu. bloomberg.com/news/articles/…
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Tencent is no longer just a passive investor in global games. It's taking a hands-on approach, deploying a 1,000-member team to guarantee hits from 20 or so global studios it has acquired. Our interview with Michelle Liu, CEO of Tencent Games Global: shorturl.at/Snph2

Tencent Goes Hands-On to Reshape $10 Billion Global Games Empire

This year, Tencent Holdings Ltd.’s gaming business scored record sales, defying an industry slowdown with international hits like zombie horror Dying Light: The Beast.

bloomberg.com
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Exclusive: The scientist who led development of Tencent's flagship AI model has raised $50 million with a startup planning to release a rival to OpenAI’s Sora, the latest high-profile entry in one of the more profitable of AI spheres bloomberg.com/news/articles/…

Tencent AI Veteran Snags Funds for Year-Old Rival to OpenAI Sora

The scientist who oversaw development of Tencent Holdings Ltd.’s flagship AI model has raised $50 million with a startup planning to release a rival to OpenAI’s Sora, the latest high-profile entry in...

bloomberg.com
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Who could’ve ever guessed it: Now you can ditch the boring registry office to tie the knot at Shanghai’s most overhyped club INS 💒🪩
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Jack Ma green-lit Alibaba's most daring move in years: a $7 billion investment to unseat JD & Meituan in meal delivery. Read our account of how China's most famous entrepreneur is back and making bold bets in AI and quick commerce shorturl.at/qIotp

Jack Ma Returns With a Vengeance to ‘Make Alibaba Great Again’

After vanishing from the public eye in late 2020, China’s most recognizable entrepreneur is back.

bloomberg.com
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SCOOP: Manus is set to roll out a Wide Research feature to set itself apart from rivals like OpenAI. It allows broad research by assigning tasks to multiple AI agents working in tandem. E.g. rating the top 100 MBA programs or analyzing 10,000 stocks. bloomberg.com/news/articles/…

OpenAI-Challenger Manus Preps Big Upgrade to Main Agent Platform

Chinese-founded startup Manus is rolling out a feature that allows broad research by assigning tasks to scores of AI agents working in tandem, in potentially the biggest update since launching its...

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