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Black Myth: Wukong release triggers PS5 sales surge in China, spiking Sony stock

TechSpot

Highly anticipated and hyped action RPG Black Myth: Wukong is breaking records and taking names. The game launched on August 20 and sold 10 million copies worldwide within three days, smashing all expectations and making it one of the fastest-selling games in history. It also broke Steam's concurrent single-player record.

Hype 94
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Tesla is now selling karaoke microphones in China

The Verge

The accessory, which is only available in China for now, was released alongside a Chinese New Year software update that includes a companion karaoke app called Leishi KTV. The TeslaMic was available on the Chinese Tesla online shop for 1,199 CNY ($188.48

China 85
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Tesla becomes most valuable automaker as more workers contract COVID-19

The Verge

Tesla’s stock had hit an all-time high early in the year when it crossed $900 in February, buoyed by record sales in 2019 and optimism about the early results of its new vehicle factory in China. In a sense, that’s no surprise, since the overall stock market is booming again to the disbelief of many.

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Apple’s reported alliance with Baidu for AI functions in China draws mixed response

TechNode

Baidu has reportedly won a deal to power iPhones and other Apple devices in China using its generative artificial intelligence, domestic media outlet China Star Market reported on Monday, citing unnamed sources familiar with the matter.

China 52
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Landing AI | Kuaishou’s text-to-video model Kling introduces new short video generation feature, results go viral in China

TechNode

Kuaishou, one of the main rivals to TikToks China sibling Douyin, showcased several fresh features for its text-to-video model Kling AI at the World Artificial Intelligence Conference (WAIC) in Shanghai last week, including the ability to generate videos up to 10 seconds. billion in 2019 to RMB 12.3 billion in 2023.

China 52
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Equity Monday: The end of cheap money, and Take-Two buys Zynga

TechCrunch

Pine Labs is looking to go public in the United States , China venture capital data is looking pretty strong , Assent Compliance raised a huge round and Arive is apparently a thing. All that and we are just getting ready for earnings season, so stay hype as there is a lot of data coming in short order. Welcome to the week!

Money 82
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China’s central bank bans cryptocurrency transactions to avoid ‘risks’

The Verge

The People’s Bank of China, the country’s central bank, said Friday that cryptocurrency transactions are illegal, saying such currencies “do not have legal tender status” and therefore “cannot be circulated as currency in the market.”. China is in the midst of an energy crisis that has already affected many other industries.

China 72