Chart Preview | Earnings Season Begins for Chinese Tech Stocks! Tencent and JD.com Report First, Facing Dual Challenges of AI and Profitability

In August, with earnings releases from major tech and internet giants such as Tencent, JD.com, Alibaba, and Meituan, market focus on China’s internet leaders has shifted from whether they would continue facing headwinds to whether they could further validate a recovery in profitability. Institutions expect further divergence in performance among large internet platforms, with AI revenue growth, profit margins, and capital expenditures emerging as key focal points.

Futu NewsAug 7 18:10

Volcengine has launched the Seedance 2.5 API service, supporting direct generation of 30-second videos.

Volcengine, a subsidiary of ByteDance, announced the official launch of its Seedance 2.5 API service. Compared to Seedance 2.0, Seedance 2.5 delivers significant improvements in instruction following, long-form narrative generation, human-like realism, and audiovisual quality. The model natively supports direct generation of 30-second videos and can reference up to 50 full-modality assets, offering more precise and stable editing capabilities while supporting over ten languages. The output quality of Seedance 2.5 brings these foundational video elements close to cinematic-grade standards for long-form storytelling, unlocking broader commercial applications such as creative advertising and industrial simulation.

AASTOCKSAug 7 16:14

ByteDance's Seedance 2.5 API open beta is reported to launch at 2:00 p.m.

According to Chinese media reports, Seedance 2.5, a large video generation model developed by ByteDance, will open its API for public beta testing today (the 7th) at 2:00 p.m. Previously, Seedance 2.5 announced its API pricing: RMB 42 per million tokens with video input, and RMB 70 per million tokens without video input—representing increases of RMB 14 and RMB 24, respectively, compared to the earlier Seedance 2.0 (which outputs at 720p resolution). It is reported that Seedance 2.5 has achieved breakthroughs in three dimensions: single-sequence generation length, multi-source reference capability, and video editing functionality. It can also implement

AASTOCKSAug 7 10:31

ByteDance is reportedly planning to train a large AI model with over 5 trillion parameters.

Chinese media, citing sources, reported that ByteDance is currently discussing the development of a model with over 5 trillion parameters—surpassing Alibaba’s Qwen 3.8-Max (2.4 trillion parameters) and Moonshot AI’s K3 (2.8 trillion parameters)—making it the largest-parameter model known to date in China. The plan remains in its early stages, and the model may not ultimately be released. It is understood that the new model will be led by Xiang Liang, head of Seed Foundation, in collaboration with Shen Ke, who oversees pre-training data for large language models. To this end, Seed is currently reorganizing its structure, clarifying responsibilities, and allocating resources. Seed team

AASTOCKSAug 7 09:12

CITIC Securities: Kuaishou's (1024.HK) Keling may achieve a compound annual revenue growth rate of 104% over the next five years.

The firm maintained its 'Buy' rating and HK$80 price target for Kuaishou.

Zhitong FinanceAug 6 12:03

DeepSeek plans to raise API service pricing in the near term.

DeepSeek stated that it plans to implement a broad increase in API service pricing in the near term, with a significant price hike expected.

AASTOCKSAug 6 10:16