Kuaishou’s AI ace valued at $18 billion as countdown to spinoff begins
The short video giant is preparing to cut the financial cord with its Kling unit, opening up new valuation room for the popular AI video asset Key Takeaways: Kuaishou is…
Xunlei charms market with share buyback, as global business faces slowdown
The online video company will repurchase up to $20 million worth of its shares, as it sits on a cash pile and a major investment that combined are worth more…
Zhihu looks to cutting-edge topics, offline events to beat AI
The Q&A site is trying to stay ahead of AI by focusing on leading topics where online material is still relatively rare, as well as real-world events that cater to…
Miniso gets AI investment lift, as self-developed toys look for traction
The lifestyle retailer’s first-quarter report showed impressive headline profit growth, but a closer look reveals the increase owed to stock investment gains Key Takeaways: Miniso reported its first-quarter profit nearly…
Bilibili’s ad surge illustrates new rules of China’s video market
The video platform is using AI and a maturing user base to post strong advertising growth in a weak market, but that higher monetization push is also testing its signature…
Tongcheng’s rosy report fails to discuss the worrisome elephant in its house
The online travel agent’s revenue rose 14% in the first quarter, but its latest report lacked discussion of an anti-trust probe into Trip.com, its top stakeholder and a key supplier…
Yalla eyes return to solid growth as new gaming drive revs up
The company expects to start generating meaningful revenue in the second half of this year from two new mid- to hardcore games, including an SLG title launched in April Key…
