# Chinese Tech Rivalry

A 100-Million Yuan Hangover: AI ‘Lobster’ Wars and the Fraught Brotherhood of China’s Tech Titans

Cheetah Mobile CEO Fu Sheng retracted a viral accusation that 360 Group founder Zhou Hongyi owed him 100 million RMB, blaming the outburst on alcohol. The incident highlights the fragile state of their long-standing rivalry and the intense competition for dominance in the 2026 AI Agent ('Lobster') market.