DouBao, known for its aggressive cash-burning strategy, has started charging fees, marking the 'commercialization epoch year' for China's large-scale AI models.

DouBao, with 345 million monthly active users and an average daily consumption of 120 trillion tokens, is shifting its computing power costs to heavy users. According to Morgan Stanley estimates, under an optimistic scenario, DouBao’s annual subscription revenue could reach 1.5 billion US dollars. As the most aggressive subsidizer in China’s consumer-level AI sector, DouBao’s move sends a significant signal: the cultivation phase of Chinese consumers’ AI usage habits has largely been completed, and the industry is transitioning from user subsidies to commercial sustainability.

wallstreetcnMay 5 22:51 ET

XtalPi Holdings (02228) subsidiary purchases certain SPDB structured deposits for 356.1 million yuan.

XtalPi Holdings (02228) announced that on September 11, 2025, its subsidiary QuantumPharm Limited purchased certain structured deposits issued by Shanghai Pudong Development Bank Co., Ltd. for a total consideration of RMB 356.1 million.

Zhitong FinanceMay 5 09:15 ET

Stock Movement | XtalPi Holdings (02228) surged over 8% in the afternoon session as the world's first pan-TEAD inhibitor was showcased at the 2026 Guangdong Artificial Intelligence Conference.

XtalPi Holdings (02228) surged over 8% in late trading. As of the time of writing, it had risen by 8.14%, reaching HKD 9.17, with a turnover of HKD 5.37 billion.

Zhitong FinanceApr 29 03:17 ET

AVIC Securities: Significant AI healthcare collaborations emerge, with application scenarios expanding in depth.

AI is evolving from a 'technical assistant' role into a core driver of 'value transformation' and 'efficiency revolution' within the healthcare industry, with its commercial value permeating comprehensively from research and development to clinical applications, payment systems, and patient services.

Zhitong FinanceApr 27 02:10 ET

XtalPi Holdings' (HKG:2228) Attractive Earnings Are Not All Good News For Shareholders

Simply Wall StApr 24 21:27 ET

Zhitong HKEX Active Trading | April 24

Active trading via Stock Connect | April 24, 2026

Zhitong FinanceApr 24 07:00 ET