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…
iQiyi names Tian Ying as new CFO
Online video platform iQiyi Inc. (IQ.US) named Tian Ying as its new CFO on Thursday, filling a position that was vacated in January when long-serving CFO Wang Jun stepped down…
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…
BRIEF: iQiyi returns to revenue growth on big gains for content distribution business
Online video site iQiyi Inc. (IQ.US) reported on Thursday its revenue rose 3% year-on-year to 6.79 billion yuan ($992 million) in the fourth quarter of 2025, representing its first growth…
China Literature stuck in a print world being overwritten by video
The online literature company lost up to 850 million yuan last year, largely due to a massive charge related to its New Classics Media video acquisition Key Takeaways: China Literature…
Soaped up by its U.S. success, COL Group sets sail for Hong Kong
The company says it plans to list in Hong Kong, basking in the limelight of strong demand from American viewers for its over-the-top Chinese-style soap operas Key Takeaways: COL Group,…
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…
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