Tencent Holdings Ltd. sold $1.5 billion of stock in Chinese TikTok rival Kuaishou Technology, paring mature internet bets during a pivot to artificial intelligence.
Tencent Holdings Ltd. sold $1.5 billion of stock in Chinese TikTok rival Kuaishou Technology, paring mature internet bets during a pivot to artificial intelligence.
The Kuaishou Technology logo arranged in Beijing, China, on Tuesday, Aug. 22, 2023. Kuaishou reported revenue for the second quarter that beat the average analyst estimate. Bloomberg
Alibaba Group Holding Ltd. joined a $2.8 billion financing round for Kuaishou Technology’s Kling AI, valuing the creator of one of China’s most popular generative video services at about $15 billion before the investment.
Alibaba Group Holding Ltd. joined a $2.8 billion financing round for Kuaishou Technology’s Kling AI, valuing the creator of one of China’s most popular generative video services at about $15 billion before the investment.
A general view shows fairgoers in front of the KlingAI booth at the Shanghai New Expo Center during the opening day of the World Artificial Intelligence Conference (WAIC) 2025 in Shanghai, China, on July 26, 2025.
Kuaishou Technology is in discussions with General Atlantic to lead a first round of financing for its video AI arm, seeking to secure a major US backer ahead of an initial public offering.
Kuaishou Technology is in discussions with General Atlantic to lead a first round of financing for its video AI arm, seeking to secure a major US backer ahead of an initial public offering.
Kling AI logo. Photographer: Cheng Xin/Getty Images AsiaPac
Alibaba Group Holding Ltd.’s cloud division led a 2 billion yuan ($293 million) funding round for ShengShu Technology, bolstering the war chest of a young contender in China’s crowded AI video contest.
Alibaba Group Holding Ltd.’s cloud division led a 2 billion yuan ($293 million) funding round for ShengShu Technology, bolstering the war chest of a young contender in China’s crowded AI video contest.
Signage for Baidu Inc.'s search engine, right, and Shengshu AI during the Baidu World event in Shanghai, China, on Tuesday, Nov. 12, 2024. Baidu unveiled a pair of glasses with a built-in AI assistant, putting up a Chinese rival to the Meta Ray-Bans that have proven a rare success in AI-powered hardware.
Shares of Montage Technology Co. jumped 64% in their Hong Kong debut on Monday after a share sale that raised $902 million, the biggest opening-day pop for an offering of its size or bigger in five years, showing persistent demand for Chinese artificial intelligence-related stocks.
Shares of Montage Technology Co. jumped 64% in their Hong Kong debut on Monday after a share sale that raised $902 million, the biggest opening-day pop for an offering of its size or bigger in five years, showing persistent demand for Chinese artificial intelligence-related stocks.
Shares of Montage Technology Co. jumped 64% in their Hong Kong debut on Monday after a share sale that raised $902 million, the biggest opening-day pop for an offering of its size or bigger in five years, showing persistent demand for Chinese artificial intelligence-related stocks.
Shares of Montage Technology Co. jumped 64% in their Hong Kong debut on Monday after a share sale that raised $902 million, the biggest opening-day pop for an offering of its size or bigger in five years, showing persistent demand for Chinese artificial intelligence-related stocks.
Chinese regulators fined Kuaishou Technology 119.1 million yuan ($17.2 million) over pornographic content that swamped its platform last December, highlighting security lapses in one of the country’s most popular AI and video services.
Chinese regulators fined Kuaishou Technology 119.1 million yuan ($17.2 million) over pornographic content that swamped its platform last December, highlighting security lapses in one of the country’s most popular AI and video services.
As China’s homegrown artificial intelligence boom enters its second year, investors are piling into shares of companies with killer apps in a hunt for earnings that justify surging valuations.
As China’s homegrown artificial intelligence boom enters its second year, investors are piling into shares of companies with killer apps in a hunt for earnings that justify surging valuations.
Pedestrians pass buildings in Houhai district in Shenzhen. Photographer: Qilai Shen/Bloomberg
As China’s homegrown artificial intelligence boom enters its second year, investors are piling into shares of companies with killer apps in a hunt for earnings that justify surging valuations.
As China’s homegrown artificial intelligence boom enters its second year, investors are piling into shares of companies with killer apps in a hunt for earnings that justify surging valuations.
Pedestrians pass buildings in Houhai district in Shenzhen. Photographer: Qilai Shen/Bloomberg
Kuaishou Technology tapped offshore markets for the first time, selling bonds to bolster artificial intelligence funding and extend last year’s surge in debt issuance by major companies in the sector.
Kuaishou Technology tapped offshore markets for the first time, selling bonds to bolster artificial intelligence funding and extend last year’s surge in debt issuance by major companies in the sector.
Kuaishou Technology is considering a maiden offshore bond sale, according to people familiar with the matter, joining a wave of Chinese technology companies tapping global debt markets.
Kuaishou Technology is considering a maiden offshore bond sale, according to people familiar with the matter, joining a wave of Chinese technology companies tapping global debt markets.
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