Region Focus | China
After three giants ended their internal 'horse racing' and consolidated brands in late July/early August, this week brought the payoff: ByteDance formally launched Doubao Work on 8/25, deeply integrating Feishu's identity and permission system -- Bloomberg framed it as directly challenging Tencent. Alibaba opened QwenWork International in public beta on 8/26, targeting Asia, the Middle East, and Latin America rather than competing head-on with Western incumbents. Tencent's WorkBuddy takes a 'collect rent regardless of which model wins' aggregator approach, plugging Hy3, DeepSeek, GLM, Kimi, and MiniMax into one workspace. The same week, Zhipu (Z.ai) open-sourced GLM-5.3-Flash (320B-A18B, MIT-licensed, running on domestic chips, priced at one-tenth of GLM-5.2), intensifying the model-layer price war and making the platform-layer aggregation strategy even more profitable.