Tencent’s AI Bot Passes DeepSeek as China’s Favorite on iPhones

(Bloomberg) — Tencent Holdings Ltd.’s Yuanbao AI chatbot passed DeepSeek to become the most downloaded iPhone app in China this week, highlighting the intensifying domestic competition.

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Tencent’s app integrates its in-house Hunyuan artificial intelligence tech alongside DeepSeek’s R1 reasoning model and has taken over at a time of acute interest and competition around AI in the country. Three of the top five most downloaded free apps are AI bots, with…