Chinese Tech Giants Push Employees to Innovate Faster Amidst AI Competition
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ByteDance's CEO complained employees were slow to adapt to AI trends like ChatGPT. He wants them to work faster.
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Baidu and other Chinese tech firms are rushing to launch their own AI services to keep up.
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Tencent's CEO said their gaming business "achieved nothing" last year. He wants more growth from WeChat.
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Alibaba and JD's founders warned employees against complacency and to reform.
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Upstart Pinduoduo is challenging Alibaba and JD in e-commerce with innovations like group buying. Its stock has outperformed them.