AI for less: price war in China deepens amid ‘intense’ competition

South China Morning Post - Jun 16, 2026

A price war is unfolding in China’s crowded artificial intelligence sector as companies cut rates or dangle promotions at a pivotal moment when falling costs and converging model capabilities are ratcheting up the competitive pressure, according to analysts. TikTok parent ByteDance and Shenzhen-based video gaming giant Tencent Holdings are the latest to launch AI price offensives. “China’s AI model landscape is vibrant and intensely competitive, with limited capability gaps across incumbents,”...

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