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Kuaishou
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Kuaishou

Kuaishou
Kuaishou
Latest news and updates on Kuaishou. Founded in 2012 as a site to share gifs, Kuaishou is now one of the leading short-video platforms. With almost 300 million daily active users as of January 2020, Kuaishou is trying to turn a profit with livestreaming e-commerce.
The Moonshot AI logo is seen in this illustration taken September 5, 2026. Photo: Reuters
Artificial intelligence

China’s top AI models generate just 10% of OpenAI, Anthropic revenue: report

ByteDance led the Chinese group in ARR at US$4 billion as of July, followed by Alibaba at US$2.4 billion in August, Rhodium Group found.

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ByteDance

Exclusive | ByteDance to expand massive AI data centre cluster in Inner Mongolia: source

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Artificial intelligence

‘Slop’ purge: Chinese watchdog scrubs millions of harmful AI posts

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Artificial intelligence

How China is building an edge over the US in video AI

Models from Alibaba, MiniMax and ByteDance currently dominate benchmark rankings on industry evaluation platform Artificial Analysis.

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This photograph taken on February 18, 2026, shows a smartphone screen displaying the logo of Seedance 2.0. Photo: AFP via Getty Images/TNS
Alibaba

From CXMT to Zhipu AI, Alibaba’s strategic investments are paying off

The company’s strategic shift to AI and chip investments is not only yielding significant returns, but also boosting its tech portfolio.

Tencent

Moonshot, DeepSeek and chips: a guide to Tencent’s growing AI empire

A look at some of the key companies in Tencent’s growing AI portfolio, from model makers to chip designers.

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Artificial intelligence

What are AI ‘world models’ and why is China becoming a top testing ground?

Increasingly, AI systems are expected to predict how environments will respond to actions before they are taken.

GigaAI specialises in embodied intelligent models. Photo: Handout
Artificial intelligence

Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal

The divestment will reduce Tencent’s shareholding in Kuaishou to 9.37 per cent from 15.68 per cent.

Artificial intelligence

Kuaishou files for US$3 billion Kling AI funding round in Hong Kong

Short video giant’s filing confirms SCMP exclusive; investors include tech heavyweights, state investment vehicles and entertainment firms.

Artificial intelligence

Exclusive | China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources

The Kuaishou Technology spin-off aims to start Hong Kong listing process within a year, as annual recurring revenue soars following latest AI video model release.

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Kling AI is said to be close to completing a US$3 billion fundraising round that would value the company at US$18 billion post-investment. Photo: Shutterstock
Semiconductors

Kuaishou chip spin-off taps funding for in-house designs amid export controls

TranStreams raises an undisclosed amount in a Series A+ financing round this week led by QF Capital.

The Kuaishou booth at the 2025AWE show in Shanghai, March 20, 2025. Photo: CFOTO/Future Publishing via Getty Images
Artificial intelligence

Alibaba forges Token Foundry as it hammers AI ambitions into shape

Alibaba consolidates key AI teams under CEO Eddie Wu and appoints Qwen leader Zhou Jingren as chief scientist.

Artificial intelligence

Kuaishou beats estimates as Kling AI video tool’s revenue jumps 300%

AI unit has annual recurring revenue run rate of roughly US$500 million, Kuaishou says.

Artificial intelligence

China behind in LLM race but it can still win in AI, ex-Tencent AI lead says

In the AI era, the problem with being a technological follower is the constant risk of having the rug pulled from under you, Liu says.

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Liu Wei, founder and CEO of Video Rebirth, interviewed at the start-up’s office in Science Park, Sha Tin, May 15, 2026. Photo: Sun Yeung
Artificial intelligence

AI | Kuaishou shares soar as Kling AI eyes US$20b valuation in potential spin-off

The Chinese short-video platform’s shares jumped as much as 10 per cent amid US$20 billion valuation of spin-off, Tencent investor talks.

The logo of Chinese short-video platform Kuaishou is displayed on a smartphone screen in Jinan, Shandong province. Photo: Getty Images
China technology

‘It’s hard to compete’: how China is using AI to churn out 500 dramas per day

In China, micro drama companies are harnessing AI to create shows at jaw-dropping speed and cost – often with the help of lavish subsidies.

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Artificial intelligence

Chinese firms face pressure on AI investments as US peers’ spending soars

Largest US companies on track for US$700 billion in AI capital expenditures this year, versus about US$105 billion in China.

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Artificial intelligence

Alibaba takes on Seedance as AI rivalry offers glimpse into race for top talent

HappyHorse’s debut on the global stage has put the spotlight on its creator, Zhang Di, who has been away from Alibaba for five years.

HappyHorse 1.0 was developed under the newly formed Alibaba Token Hub (ATH) business group. Photo: Handout
Bonds

China’s JD.com returns to dim sum bond market with 10b yuan offering

The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.

Artificial intelligence

China’s Kuaishou slumps as analysts flag growth pressure despite strong results

Short-video giant’s core advertising and live-streaming businesses face headwinds while AI investments weigh on margins, analysts say.

Hong Kong stock market

Hong Kong stocks retreat on AI worries, China markets rally in Year of the Horse

Tech heavyweights drag Hong Kong stocks lower as investors fret over AI disruption following Wall Street’s decline.

All major benchmarks in the US fell overnight over a pessimistic scenario in which advances in AI would disrupt white-collar employment. Photo: Shutterstock
Artificial intelligence

Zhipu AI’s shares tumble nearly 23% on computing woes, user complaints

The Hong Kong-listed firm is the first Chinese AI developer to issue a public call urging support for its GLM model.

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Zhipu apologised on Saturday after users in China and overseas reported issues with the company’s flagship “GLM coding plan” product. Photo: Shutterstock
Hong Kong stock market

Hong Kong stocks gain by most in nearly a month on China export optimism

‘China and Hong Kong are the biggest beneficiaries’ of US court decision on tariffs, Goldman Sachs strategists and economists say.

Artificial intelligence

Humanoids go mainstream as China’s robotics champions appear at CCTV spectacle

ByteDance, Unitree, RedNote, Bilibili and Kuaishou among the firms involved in the unparalleled nationwide marketing opportunity.

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Bonds

Yuan rally puts fresh steam into Hong Kong’s dim sum bond revival

Issuance could approach US$140 billion as a firmer renminbi, low funding costs and policy support boost demand for offshore notes.

The People’s Bank of China on Wednesday set the yuan’s midpoint rate – the daily fixing – at 6.9438 per US dollar, its strongest level in nearly three years. Photo: Reuters
Artificial intelligence

ByteDance’s new model sparks stock rally as China’s AI video battle escalates

Seedance 2.0 thrills early adopters with cinematic realism and fuels debate over AI’s role in filmmaking and content creation.

A Seedance 2.0 video capture. Seedance 2.0 delivers enhanced lifelike generations that blur the boundary between AI content and reality, according to early adopters. Photo: Handout
China’s private sector

China’s Kuaishou slapped with US$17 million fine after explicit content probe

The fine comes days after a separate e-commerce penalty, adding pressure on China’s No 2 short-video platform to tighten controls.

Hong Kong stock market

Hong Kong stocks drop as mainland tech firms, metals and crypto slide

Hang Seng Index follows US declines as AI worries and falling prices for gold, silver and cryptocurrency rattle investors.

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