Report | China Deal Review Q4 2024 - Leaderboard

China's AI startups struggle to raise revenues as titans like Alibaba, ByteDance cut prices

China's AI startups struggle to raise revenues as titans like Alibaba, ByteDance cut prices

FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Chinese artificial intelligence startups that have raised hundreds of millions of dollars in funding are facing a reckoning: find customers fast, or get crushed or swallowed up by tech giants.

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