Volcano Engine, the cloud unit of TikTok owner ByteDance, has launched a new coding agent priced at just 9.9 yuan (US$1.30) for the first month of subscription – underscoring the fierce competition in China’s booming AI developer tools market. The Doubao-Seed-Code model, released on Tuesday, carries a standard monthly fee of 40 yuan, according to a company statement. The company unveiled its discounted one-month promotion on November 11, China’s annual Singles’ Day shopping festival. ByteDance...