Chinese AI video-generation models now dominate the global leaderboard, occupying nine of the top 10 text-to-video systems on Artificial Analysis, with ByteDance, MiniMax Group, Alibaba Group Holding,…
Tencent Holdings is reallocating venture capital from legacy internet assets to double down on China's AI champions, including model maker Moonshot AI and chip designer Enflame. The tech giant recentl…
Kuaishou Technology filed a notice on the Hong Kong Stock Exchange on July 2, revealing that its AI video generation unit Kling secured approximately $2.8 billion in investor commitments, expandable t…
Kuaishou Technology shares fell over 6% after Tencent Holdings cut its stake from 15.68% to 9.37% by selling 273 million Class B shares, raising about HK$12.56 billion. The divestment followed Tencent…
China's Kling AI, a spin-off from Kuaishou Technology, is nearing a US$3 billion fundraising round at an US$18 billion valuation, with Tencent among the investors. The company plans to start its Hong …