China's AI giants cosy up to virtual companions as loneliness drives chatbot revenue [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance
The companies have each built their own answer to established foreign apps like Character.ai and Replika. Last year, Baidu launched Xiaokan Planet and Tencent's online literature arm China Literature rolled out Zhumengdao. TikTok owner ByteDance released its Maoxiang app in March. The concept behind each of these products is roughly the same: they generate humanlike responses to user queries with unique personalities, allowing people to have a digital friend who will respond to them at any time. Maoxiang and Zhumengdao allow users to customise the look, voice and personalities of their virtual friends, while Xiaokan Planet only offers two characters. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. ByteDance's Maoxiang is growing rapidly, becoming the third-largest virtual companion a
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