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Kuaishou shares soar as Kling AI eyes US$20 billion valuation in potential spin-off
Tecnología
12/5/2026

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

Kuaishou Technology’s shares jumped as much as 10 per cent on Tuesday morning after reports that the Chinese short-video platform was raising new funding for its Kling AI unit at a valuation of US$20 billion. Kuaishou – often seen as a rival to ByteDance-owned Douyin in China – plans to spin off its video generation service, according to a report by Chinese technology news outlet The LatePost on Monday, citing anonymous sources. The company is in talks with potential investors, including Tencent...

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SCMP Tech
Kuaishou stock surges on reports of Kling AI unit spin-off
Tecnología
12/5/2026

Kuaishou stock surges on reports of Kling AI unit spin-off

Kuaishou Technology’s shares jumped as much as 10 per cent on Tuesday morning after reports that the Chinese short-video platform was raising new funding for its Kling AI unit at a US$20 billion valuation. Kuaishou – often seen as a rival to ByteDance-owned Douyin in China – plans to spin off its video generation service, according to a report by Chinese technology news outlet The LatePost on Monday, citing anonymous sources. The company is in talks with potential investors, including Tencent...

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SCMP Tech
China deepens footprint at AI conference despite NeurIPS dispute, US tensions
NOTICIA
11/5/2026

China deepens footprint at AI conference despite NeurIPS dispute, US tensions

Chinese technology companies and researchers turned out in force at a leading global artificial intelligence conference, despite mounting questions over whether they might avoid the event as a consequence of tense relations between Beijing and Washington. Papers with contributors from mainland China and Hong Kong accounted for over 51 per cent of accepted submissions, compared with just under 32 per cent from the United States, according to statistics compiled from the listed affiliations for...

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SCMP Economy
Tech billionaire Chen Tianqiao’s MiroMind halts China services after Meta and Manus saga
NOTICIA
7/5/2026

Tech billionaire Chen Tianqiao’s MiroMind halts China services after Meta and Manus saga

Chinese technology billionaire Chen Tianqiao’s artificial intelligence start-up MiroMind is suspending its services in mainland China, Hong Kong and Macau, in the latest sign that some of the country’s most globally ambitious firms are increasingly retreating from the domestic market as geopolitical tensions reshape the industry following the Manus saga. In an email sent to select users on Wednesday, the company said that its MiroThinker services would stop operating in regions including...

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SCMP Economy