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…
BRIEF: Kuaishou eyes spinoff for Kling AI video creation unit
Short video site operator Kuaishou Technology (1024.HK) said on Tuesday it is considering a potential restructuring that would allow its Kling AI unit to conduct its own fundraising. Kuaishou said…
Multi-channel networks shift as traffic growth peaks
China’s MCN operators are moving from a focus on key influencers to content efficiency, with overseas expansion and AI reshaping the sector’s growth LeadLeo Research Institute China’s livestreaming e-commerce…
Huya finds new growth formula by monetizing games, not just streams
The company is starting to monetize its gaming ecosystem through game publishing, selling in-game items and providing other related services Key Takeaways: Huya’s latest results show its long-promised shift beyond…
‘China’s Netflix’ looks for stardom in new theme park business
The first of iQiyi’s three immersive experience-based theme parks in the city of Yangzhou will feature content from its streaming platform Key Takeaways: After seven quarters of declining revenue and…
BRIEF: Kuaishou temporarily halts livestreaming service after attack
Online video site Kuaishou Technology (1024.HK) said on Tuesday the livestreaming function on its app was attacked around 10 p.m. the previous day, forcing it to shut down the service.…
BRIEF: Kuaishou’s third-quarter profit jumps as AI fuels growth
Short-video platform Kuaishou Technology (1024.HK) reported on Wednesday its revenue rose 14.2% year-on-year to 35.6 billion yuan ($5 billion) in the third quarter, while its profit jumped 37.3% to 4.49…
