Zheping Huang (@pingroma) header
Zheping Huang (@pingroma) profile picture

Zheping Huang

@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
Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)Photo by Zheping Huang (@pingroma)
Shanghai's INS Land is many things: an adult Disneyland, an always-on music festival, and a $40 night out for young people. I spoke with its operators, DJs & patrons to see how China’s hottest nightclub came to be. My latest for @BW's China issue: shorturl.at/Z9k9e
China’s Hottest Night Club Is Bringing In $150 Million a Year

China’s Hottest Night Club Is Bringing In $150 Million a Year

Famous DJs, noodle stands, bumper cars — this club has everything.

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Muyao (@MuyaoShen) profile picture
Muyao
@MuyaoShen5h
i know im in the middle of covering the biggest hack in crypto but everyone #chinamaxxing on their timeline should read this amazing story by @pingroma on the most fun and unique night club China has to offer bloomberg.com/news/features/…
China’s Hottest Night Club Is Bringing In $150 Million a Year

China’s Hottest Night Club Is Bringing In $150 Million a Year

Famous DJs, noodle stands, bumper cars — this club has everything.

bloomberg.com
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Bloomberg (@business) profile picture
Bloomberg
@businessOct 29
When Pony Ma called Tencent’s AI endeavor “a leaky ship” this summer, the billionaire founder sent ripples through the company. One of his key lieutenants, Dowson Tong, came up with a surprising answer: let’s retool to focus on businesses. bloomberg.com/news/articles/…
Tencent’s Cloud Boss Plays Long Game to Patch ‘Leaky’ AI Ship

Tencent’s Cloud Boss Plays Long Game to Patch ‘Leaky’ AI Ship

When Pony Ma called Tencent Holdings Ltd.’s AI endeavor “a leaky ship” this summer, the billionaire founder sent ripples through a company that for years dominated the industry with WeChat. The...

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Bloomberg (@business) profile picture
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 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

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

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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Bloomberg (@business) profile picture
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 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.

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Techmeme (@Techmeme) profile picture
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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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
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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:
Image from Zheping Huang (@pingroma)
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Bloomberg (@business) profile picture
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

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...

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When China’s OpenClaw frenzy gets too literal 🦞
Image from Zheping Huang (@pingroma)
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The night when I ate crayfish at a openclaw meetup in BJ 🦞
Bloomberg (@business) profile pictureBloomberg
@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

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

Excitement for building open source AI agents is reaching fever pitch

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Bloomberg (@business) profile picture
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

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 (@business) profile pictureBloomberg
@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

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...

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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.

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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/…
Image from Dr. Serkan Toto (@serkantoto)
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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

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.

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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

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...

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