One of the first countries to publish rules and regulate the generative AI industry in July, China has granted approvals to several tech firms, including Baidu's 'Ernie Bot' and SenseTime's 'SenseChat' for mass market use.
Baidu's generative AI tool, Ernie Bot, has seen success as Open AI's ChatGPT is not available in the country.
Top Chinese marketing agency BlueFocus's share price spiked on the news, adding concerns about job cuts and AI-related unemployment in the marcomms community.
China's biggest tech firms posted strong second-quarter revenues despite regulatory headwinds, leading to mixed expectations for the long-term.
The platform also delivers much higher conversions than other digital ads, according to a report from Mininglamp Technology.
The Chinese internet search giant has been under pressure from competitors like Meituan and Bytedance.
Top news, insights and analysis every weekday
Sign up for Campaign Bulletins