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Beijing Halts AI Giveaway Wars

Beijing Halts AI Giveaway Wars

China's top regulator summoned tech giants like Alibaba, ByteDance's Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao to curb 'involutionary' competition. Firms are spending billions on Lunar New Year promotions for AI apps. The move aims to end cutthroat user acquisition battles.

SCMP TechnologyMediaFeb 15#tech-giants#regulation#ai-promotions