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<a href="/company/tencent">Tencent</a> is developing an <a href="/industry/ai">AI</a> agent for WeChat that can perform tasks such as shopping and ride-hailing, president Martin Lau said, with no rollout timeline disclosed. The move comes as the company steps up its AI push amid intensifying competition in China.

Beingmate said its controlling shareholder has signed a restructuring agreement with a Jinhua state-backed investor, which could shift control from founder Xie Hong to Jinhua's state-owned assets regulator if approved. The deal includes RMB 856 million for equity and additional funding to address debt issues.

<a href="/company/pop-mart">Pop Mart</a> and Sony Pictures will develop a feature film based on Labubu, expanding the popular IP into entertainment. The live action and CGI hybrid is in early development, with Paul King attached to direct and co-write.

<a href="/company/byd">BYD</a> will invest BRL 300 million to build an <a href="/industry/ev">EV</a> R&amp;D facility in Rio de Janeiro, with construction starting this year and opening planned for 2028. The site will include vehicle testing tracks and supports its expansion into South America.

<a href="/company/great-wall-motor">Great Wall Motor</a> (GWM) is weighing options to produce vehicles in South Africa, including contract assembly or acquiring an existing plant, and has held talks with Mercedes-Benz and Nissan, executives said. It is also assessing which models to localize for production and export.

Yuanbao, an online insurance provider, reported 2025 revenue rose 33.1% to RMB 4.37 billion with net profit of RMB 1.31 billion, as <a href="/industry/ai">AI</a> deployment scaled across its operations. Annual policy volume increased 36.7% to 30.66 million, supported by expanded use of AI models and agents.

COSCO Shipping Ports said its Abu Dhabi facility has been affected by the Iran conflict, with traffic disrupted since late February, though staff and assets remain safe. The disruption follows broader shipping impacts across the Middle East, including the Strait of Hormuz.

<a href="/company/tencent">Tencent</a> said it faces lower regulatory risk in the US than <a href="/company/bytedance">ByteDance's</a> TikTok, with president Martin Lau calling the risks “controllable” amid a government probe into its data practices and overseas <a href="/industry/gaming">gaming</a> investments.

Kanzhun, a tech-driven recruitment platform operator, reported 2025 net income rose 71.7% to RMB 2.69 billion as revenue grew 12.4% to RMB 8.27 billion. Paid enterprise customers reached 6.8 million, and it plans to return at least 50% of adjusted net income to shareholders.

<a href="/company/alibaba">Alibaba Cloud</a> and <a href="/company/baidu">Baidu Cloud</a> will raise prices for <a href="/industry/ai">AI</a>-related services by 5–34% starting April 18, alongside 30% increases for storage. The hikes follow similar moves by US peers and come as demand for computing power and infrastructure costs rise.

<a href="/company/netease">NetEase</a> has refuted online claims that it plans to use <a href="/industry/ai">AI</a> to replace all outsourced staff, calling the information untrue. It said recent personnel changes are part of routine project adjustments and will not affect overall operations.

Indonesia

One year in, opacity surrounding the state behemoth has clouded Indonesia's credit outlook.

Indonesian fund Danantara chases Prabowo's dreams, but spurs major doubts

Indonesian fund Danantara chases Prabowo&#8217;s dreams, but spurs major doubts

https://secure.gravatar.com/avatar/aec5e55596415464d13490d0e0caa9a2?s=96&d=blank&r=g

A rush to popularize the Western-developed tool has evoked shades of DeepSeek fever.

OpenClaw becomes latest AI craze for China's local governments

OpenClaw becomes latest AI craze for China&#8217;s local governments

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Tencent plans AI agent for WeChat

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Indonesian fund Danantara chases Prabowo’s dreams, but spurs major doubts

OpenClaw becomes latest AI craze for China’s local governments

Deals in brief: Wavemaker Impact backs Virdalis, MetaComp and dtcpay raise funding, PixVerse reaches unicorn status, and more