Kuaishou Technology Class B 1024

Kuaishou Technology (KUASF) reports robust Q2 2026 results with Kling AI revenue surging over 200% year-over-year, while navigating near-term profitability challenges from heavy AI investments.

Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced its unaudited consolidated results for the three months and six months ended June 30, 2026.

Investing.com -- ShengShu Technology, an artificial intelligence video platform backed by Alibaba Group Holding Ltd., is exploring a Hong Kong initial public offering that could raise more than $500 million, Bloomberg reported Tuesday.

Chinese AI firm MiniMax released a new video-generation model on Friday that can process text, images, ‌video and audio, stepping up competition in a fast-growing market led ‌by rivals ByteDance and Kuaishou. It can also edit existing content and transfer movements from one video to another using instructions and reference material supplied in different formats. MiniMax said it planned to release H3's ‌model weights within days, allowing ⁠users to download and customise the underlying system.

Tencent is offering 273 million Kuaishou shares at a 3.2% to 6.2% discount through a block trade.

Tencent Holdings (SEHK:700) is back in focus after Tencent Mobility moved to sell up to HK$1.55b of Kuaishou Technology shares, a secondary sale that shifts capital without raising new funds for Kuaishou. See our latest analysis for Tencent Holdings. At a latest share price of HK$461.2, Tencent Holdings has recorded a 7.31% 7 day share price return but a year to date share price decline of 25.97%. The 3 year total shareholder return of 42.21% contrasts with a 7.52% decline over 1 year,...

Kling AI's financing values the generative video platform at about $15 billion before investment.

China's Kuaishou Technology said on Thursday a group of investors including Alibaba and Tencent will inject ‌over 19 billion yuan ($2.80 billion) in Kling AI, while ‌valuing the popular AI video arm at $15 billion on a pre-money basis. The fundraising ​underscores investors' appetite for China's fast-growing AI sector, which continues to attract billions of dollars in fresh capital. Technology companies have raised a total of $3.1 billion from stock market listings in China this ‌year to mid-June, ⁠more than five times the amount raised last year.