Fanqie Novel, China's largest free-to-read fiction platform, has raised the bar for new authors by restricting contract options for lower-level writers, a move that signals the end of a generous newcomer bonus era and could reshape how millions of aspiring novelists earn online.
Kuaishou's AI video arm Kling released version 4.0, and analysts are now asking whether the AI unit could be valued above the short-video parent that built it. The question is whether AI can lift Kuaishou past the limits of its core business.
Hengdian, China's largest film-production base, has awarded a 235 million yuan contract to a ByteDance-linked consortium to build an AI filmmaking platform, as studio activity in the town slows.
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