logo
#

Latest news with #TikTok-parent

China now owns 20% of global ad market
China now owns 20% of global ad market

Axios

time2 days ago

  • Business
  • Axios

China now owns 20% of global ad market

China's booming digital economy has boosted its share of the global ad market, challenging the United States' long reign as the world's largest ad market. China's 20% share of the global ad market is now greater than the country's share of global GDP, according to WPP Media. Why it matters: Chinese ad sellers are finding enormous success selling ads to audiences globally, especially in the U.S. But U.S. tech giants are still largely banned from China. By the numbers: Nine of the world's top 25 ad sellers today are Chinese, including TikTok-parent ByteDance, Alibaba, Temu-owner PDD Holdings, Tencent, Baidu, Kuaishou, Meituan and Xiaomi, according to a new ad forecast from WPP Media. In 2025, the top five advertisers globally are all tech firms and two are Chinese: Google, Meta, ByteDance, Amazon and Alibaba. In 2011, the top five advertisers globally were mostly U.S. publishers: Google, Viacom and CBS, News Corp and Fox, Comcast and Disney. Catch up quick: The growth of China's economy and middle class over the past decade laid the foundation for the country's rapid ad expansion. But its mobile-first internet culture accelerated its dominance. Chinese tech firms have been innovating for the smartphone "to an even greater and faster degree than in other markets which went through a desktop phase first," said Kate Scott-Dawkins, the global president of business intelligence at WPP Media, who authored the report. Zoom in: Over the past several years, Chinese ad sellers have gained dominance by leaning into AI-fueled retail media innovation. This year, China's share of all retail media globally is 44.1%, driven by e-commerce giants like and Alibaba, per WPP Media. But rivals are gaining ground. By 2030, China's share of retail media ad dollars globally is expected to dip to less than 40% as the U.S., U.K. and others scale up, according to Scott-Dawkins. Zoom out: China's ascent in the global advertising hierarchy mirrors a broader shift in tech and economic influence. Chinese platforms are shaping ad innovation with AI-driven commerce and mobile-first experiences. Social and entertainment apps like TikTok have supercharged their ad businesses by expanding their live shopping and e-commerce features. Chinese platforms like TikTok and Temu are rapidly scaling in Western markets. But U.S. tech firms like Google and Meta remain largely blocked from operating in China, limiting the opportunity for reciprocal growth.

Nvidia may have a 'plan' to bypass US export rule for AI chips
Nvidia may have a 'plan' to bypass US export rule for AI chips

Time of India

time05-05-2025

  • Business
  • Time of India

Nvidia may have a 'plan' to bypass US export rule for AI chips

Nvidia is reportedly planning to tweak the design of its artificial intelligence (AI) chips to avoid U.S. export rules. According to a report by The Information, the chip maker has told some of its biggest Chinese customers including Alibaba Group, TikTok-parent ByteDance and Tencent Holdings about it. The report quotes three people involved in the conversations who said that Nvidia CEO Jensen Huang has already informed customers about his plans while on his trip to Beijing. Huang visited Beijing in mid-April, just days after the U.S. government tightened restrictions on the export of advanced AI chips to China. What the US export rules say The latest rules targeted Nvidia's H20 chip — the main product the company had specifically designed to meet earlier U.S. regulatory requirements. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tap Into Real-Time Signals Designed to Support Your Trading Decisions Trader Headline Learn More Undo Under the new regulations, even chips like the H20, which were previously cleared for sale in China, are now restricted because they still offer computing power considered too advanced. The U.S. government has said the measures aim to prevent China's military from accessing cutting-edge AI technology. What Nvidia says Nvidia had said that the new export controls would impact its business significantly, warning of a $5.5 billion hit to revenue. Despite these setbacks, Nvidia continues to explore ways to maintain its presence in the Chinese market while staying within regulatory limits. As per The Information report, Nvidia has told customers that a sample of the new chip will be available as soon as June. The company is also working on a China-specific version of its latest-generation AI chip, Blackwell. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Nvidia is working on China-tailored chips again after U.S. export ban: Report
Nvidia is working on China-tailored chips again after U.S. export ban: Report

The Hindu

time05-05-2025

  • Business
  • The Hindu

Nvidia is working on China-tailored chips again after U.S. export ban: Report

Nvidia has told some of its biggest Chinese customers that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without clashing with U.S. export rules, The Information reported on Friday. The chip giant has spoken with customers, including Alibaba Group, TikTok-parent ByteDance and Tencent Holdings , the report said, citing three people involved in the conversations. Nvidia CEO Jensen Huang alerted customers about his plans while on his trip to Beijing, according to the report. Huang's Beijing trip in mid-April came days after the U.S. government limited exports of its H20 AI chips to China. The export curbs on the primary chip Nvidia was legally permitted to sell in China would result in charges of $5.5 billion for the company, it had then said. Nvidia has told customers that a sample of the new chip will be available as soon as June, The Information reported. The company also said it was still working on a China-specific version of its latest-generation AI chip, Blackwell, according to the report. Nvidia declined to comment on the report. ByteDance, Alibaba, Tencent and the U.S. Commerce Department did not immediately respond to Reuters' requests for comment. The sale of Nvidia's advanced AI chips to China — a key market for the company — has been a contentious topic, with U.S. officials moving to restrict the flow of the most powerful chips to China to keep ahead in the AI race. Following those restrictions, the company began designing chips tailored for China that would come as close as possible to U.S. limits.

Nvidia is redesigning its AI chips for China to dodge US export curbs, report says
Nvidia is redesigning its AI chips for China to dodge US export curbs, report says

India Today

time03-05-2025

  • Business
  • India Today

Nvidia is redesigning its AI chips for China to dodge US export curbs, report says

Nvidia has told some of its biggest Chinese customers that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without clashing with US export rules, The Information reported on Friday. The chip giant has spoken with customers, including Alibaba Group TikTok-parent ByteDance and Tencent Holdings the report said, citing three people involved in the CEO Jensen Huang alerted customers about his plans while on his trip to Beijing, according to the report. Huang's Beijing trip in mid-April came days after the US government limited exports of its H20 AI chips to export curbs on the primary chip Nvidia was legally permitted to sell in China would result in charges of $5.5 billion for the company, it had then said. Nvidia has told customers that a sample of the new chip will be available as soon as June, The Information reported. The company also said it was still working on a China-specific version of its latest-generation AI chip, Blackwell, according to the report. Nvidia declined to comment on the report. ByteDance, Alibaba, Tencent and the US Commerce Department did not immediately respond to Reuters' requests for sale of Nvidia's advanced AI chips to China — a key market for the company — has been a contentious topic, with US officials moving to restrict the flow of the most powerful chips to China to keep ahead in the AI those restrictions, the company began designing chips tailored for China that would come as close as possible to US In

Nvidia is working on China-tailored chips again after US export ban
Nvidia is working on China-tailored chips again after US export ban

Indian Express

time03-05-2025

  • Business
  • Indian Express

Nvidia is working on China-tailored chips again after US export ban

Nvidia has told some of its biggest Chinese customers that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without clashing with U.S. export rules, The Information reported on Friday. The chip giant has spoken with customers, including Alibaba Group, TikTok-parent ByteDance and Tencent Holdings , the report said, citing three people involved in the conversations. Nvidia CEO Jensen Huang alerted customers about his plans while on his trip to Beijing, according to the report. Huang's Beijing trip in mid-April came days after the U.S. government limited exports of its H20 AI chips to China. The export curbs on the primary chip Nvidia was legally permitted to sell in China would result in charges of $5.5 billion for the company, it had then said. Nvidia has told customers that a sample of the new chip will be available as soon as June, The Information reported. The company also said it was still working on a China-specific version of its latest-generation AI chip, Blackwell, according to the report. Nvidia declined to comment on the report. ByteDance, Alibaba, Tencent and the U.S. Commerce Department did not immediately respond to Reuters' requests for comment. The sale of Nvidia's advanced AI chips to China — a key market for the company — has been a contentious topic, with U.S. officials moving to restrict the flow of the most powerful chips to China to keep ahead in the AI race.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store