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
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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)
Zheping Huang retweeted
Muyao (@MuyaoShen) profile picture
Muyao
@MuyaoShen6h
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.

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Zheping Huang retweeted
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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Zheping Huang retweeted
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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Zheping Huang retweeted
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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Zheping Huang retweeted
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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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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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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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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Bloomberg (@business) profile picture
Bloomberg
@business20 Jun 2025
Does China have the world’s best and cheapest food delivery apps? As JD.com revives its fight in the country’s $80 billion-plus food delivery market, @allenwan290 puts three apps to the test to see who will deliver his Shake Shack lunch order the fastest bloom.bg/460zxuQ
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Zheping Huang retweeted
Saritha Rai (@SarithaRai) profile picture
Saritha Rai@SarithaRai14 May 2025
The "Tech Madman" founder threatening US dominance in the AI race. The June cover of Businessweek magazine: Inside China's DeepSeek w/ @AustinCarr @pingroma @BW @business @technology Gift link: bloomberg.com/news/features/… #AI
Image from Saritha Rai (@SarithaRai)
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ByteDance’s major investors have marked up the TikTok owner’s valuae to more than $400B. While it's always been exposed to geopolitical risks surrounding US-China, it is now one of SoftBank Vision Fund's more treasured assets. Latest w/ @pingroma bloomberg.com/news/articles/…
TikTok Owner ByteDance Is Tech Darling Again With $400 Billion-Plus Valuation

TikTok Owner ByteDance Is Tech Darling Again With $400 Billion-Plus Valuation

At least three of Bytedance Ltd.’s major investors have marked up the TikTok-owner’s valuation to more than $400 billion, a sharp rebound for a Chinese social video leader that has been threatened...

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New investigation inside NetEase Games. CEO is slashing games, hundreds of jobs and investment. There was even talk of not releasing Marvel Rivals. CEO wants games that generate hundreds of millions, have original IP, per sources. w/ @pingroma @6d6f636869 bloomberg.com/news/articles/…
NetEase’s Billionaire CEO Slashes Jobs and Games in Profit Push

NetEase’s Billionaire CEO Slashes Jobs and Games in Profit Push

After years of expanding overseas, video-game billionaire William Ding is hitting the brakes at NetEase Inc., the pioneering Chinese company behind hits like Eggy Party and its newest blockbuster...

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Zheping Huang retweeted
Lulu Yilun Chen (@luluyilun) profile picture
Lulu Yilun Chen@luluyilun13 Feb 2025
Source Code Capital, among the earliest backers of TikTok owner ByteDance, is halving its fundraising target to about $150 million, people familiar with the matter said bloomberg.com/news/articles/… via @business @pingroma

Early ByteDance Backer Halves Funding Goal as Startup Bets Cool

Source Code Capital, among the earliest backers of TikTok owner ByteDance Ltd., is halving its fundraising target to about $150 million due to less-than-expected investor interest, people familiar...

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Zheping Huang retweeted
Bloomberg Markets (@markets) profile picture
Bloomberg Markets
@markets5 Sep 2024
Black Myth: Wukong has sold 18 million copies in two weeks — one of the fastest starts the global gaming industry has seen. That record pace has in turn minted millions for its earliest and biggest investor. trib.al/6J8YXJJ
Investor Who Risked It All on ‘Wukong’ Scores Another Sales Win

Investor Who Risked It All on ‘Wukong’ Scores Another Sales Win

Black Myth: Wukong has sold 18 million copies in two weeks — one of the fastest starts the global gaming industry has seen. That record pace has in turn minted millions for its earliest and biggest...

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Zheping Huang retweeted
Daniel Ahmad (@ZhugeEX) profile picture
Daniel Ahmad
@ZhugeEX20 Aug 2024
I’m quoted in this @business article on the successful launch of Black Myth: Wukong. bloomberg.com/news/articles/…
Tencent-Backed ‘Wukong’ Makes Gaming History in First-Day Frenzy

Tencent-Backed ‘Wukong’ Makes Gaming History in First-Day Frenzy

A Chinese-made game backed by Tencent Holdings Ltd. has become the second-most popular title ever on Steam within hours of its launch, an unusually rapid ascent that may help seal its place in...

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Zheping Huang retweeted
Techmeme (@Techmeme) profile picture
Techmeme
@Techmeme15 Aug 2024
Alibaba reports Q1 revenue up 4% YoY to ~$34B, below ~$34.9B est., and net income down 27% YoY to ~$3.4B, after aggressive promotions failed to drive spending (@pingroma / Bloomberg) bloomberg.com/news/articles/… 📫 Subscribe: techmeme.com/newsletter?from… techmeme.com/240815/p14#a240…
Alibaba’s Revenue Misses Estimates in a Blow to Revival Effort

Alibaba’s Revenue Misses Estimates in a Blow to Revival Effort

Alibaba Group Holding Ltd. posted an anemic 4% rise in revenue after its Chinese commerce business shrank for the first time in at least a year, driving home the malaise plaguing the world’s No. 2...

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Zheping Huang retweeted
Techmeme (@Techmeme) profile picture
Techmeme
@Techmeme14 Aug 2024
Tencent reports Q2 revenue up 8% YoY to ~$22.5B, meeting est., and a $6.6B net income, above $5.6B est., after releasing blockbuster Dungeon & Fighter Mobile (@pingroma / Bloomberg) bloomberg.com/news/articles/… 📫 Subscribe: techmeme.com/newsletter?from… techmeme.com/240814/p9#a2408…
Tencent’s Earnings Beat Fuels Hope of a China Gaming Rebound

Tencent’s Earnings Beat Fuels Hope of a China Gaming Rebound

Tencent Holdings Ltd.’s better-than-projected earnings affirmed investor hopes that China’s gaming industry has rounded a corner, though its numbers also revealed a consumer malaise stemming during a...

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Zheping Huang retweeted
Techmeme (@Techmeme) profile picture
Techmeme
@Techmeme5 Aug 2024
Sources: Chinese generative AI startup Moonshot raised $300M+ at a $3.3B valuation from Tencent, Alibaba, and others, after raising $1B in February 2024 (@pingroma / Bloomberg) bloomberg.com/news/articles/… 📫 Subscribe: techmeme.com/newsletter?from… techmeme.com/240805/p12#a240…
Tencent Joins $300 Million Financing for China’s AI Unicorn

Tencent Joins $300 Million Financing for China’s AI Unicorn

Tencent Holdings Ltd. has contributed to a $300-plus million round Chinese generative AI startup Moonshot just closed, emulating its arch-rival Alibaba Group Holding Ltd. in fostering several...

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Techmeme (@Techmeme) profile picture
Techmeme
@Techmeme26 Jun 2024
A look at Tencent's removal of hit game Dungeon & Fighter from Android app stores in China, some of which have default sales split of 50% on games revenue (@pingroma / Bloomberg) bloomberg.com/news/newslette… 📫 Subscribe: techmeme.com/newsletter?from… techmeme.com/240626/p1#a2406…
China’s Mobile Leaders Are on the Brink of an Unprecedented Clash

China’s Mobile Leaders Are on the Brink of an Unprecedented Clash

A private tug-of-war between China's most powerful internet firms and smartphone makers has escalated to levels never seen before. But first...

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Tencent's Dungeon & Fighter Mobile raked in $270 million just 30 days after launch 🔥 Niko Partners estimated that the game's gross revenue will hit 15 to 18 billion RMB this year 📈 Read more about the blockbuster on this article by @pingroma bloomberg.com/news/articles/…
Tencent’s New Game Doubles ‘Honor of Kings’ Sales in First Month

Tencent’s New Game Doubles ‘Honor of Kings’ Sales in First Month

Tencent Holdings Ltd.’s Dungeon & Fighter Mobile more than doubled the sales of longstanding Chinese best-seller Honor of Kings in its first month, according to independent research, suggesting the...

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