The Latest Breaking News from Kuaishou

Chinese Woman Allegedly Kills Roommate Over Loud Gaming as Tearful Bloodstained Video Goes Viral

A bloodstained video has sparked online claims of a Chinese university dormitory killing linked to gaming noise, but authorities have not confirmed the incident and its authenticity remains unclear.

International Business Times UK · Sep 23

Tencent unit seeks up to $1.55 billion from short-video company Kuaishou share sale

The Tencent unit ​is offering about 273 million Kuaishou Class B shares at HK$43.15 ($5.50) to ​HK $44.53 each. The range ⁠values the ‌sale at about $1.50 billion to $1.55 ​billion.

The Economic Times · Jul 6

Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraise

Chinese tech giant Kuaishou's AI video unit, Kling AI, has secured over 19 billion yuan ($2.80 billion) in funding from investors including Alibaba and Tencent. This significant investment values the popular AI video arm at $15 billion pre-money, highlighting strong investor confidence in China's booming AI sector. Kling AI's revenue…

The Economic Times · Jul 3

China’s AI companies are reportedly rationing the use of their services because they don’t have enough chips

Blame the U.S. and its export controls blocking AI chip sales to China.

Fortune · Jun 28, 2024

Alibaba and JD's decision to withhold Singles Day data punctures last chance to see a China consumption revival this year

"Everyone's waiting for this consumption boom," one analyst said. "I don't think it's really going to come."

Fortune · Nov 13, 2023

China urged to tackle online racism targeting Black people

Human Rights Watch says racist tropes ‘common’ across Chinese social media, and that platforms and government must act.

Al Jazeera · Aug 17, 2023

Chinese social media filled with anti-black racist content, says watchdog

Analysis by Human Rights Watch finds the country’s major platforms ‘do not routinely address’ pervasive online racism

The Guardian - UK · Aug 16, 2023

Huge Foxconn iPhone plant in China rocked by fresh worker unrest

Hundreds of workers joined protests at Foxconn's flagship iPhone plant in China, with some men smashing surveillance cameras and windows, footage uploaded on social media showed.

Reuters · Nov 23, 2022

Bilibili Gains More Paying Users But Has Work To Do on Cost Control

Key Takeaways: Bilibili’s first-quarter revenue jumped by 30%, but a big rise in operating costs swelled its net loss by 152% The company made progress on commercialization as monthly users who pay for its services rose above 27 million in the quarter, with a paying user ratio of 9.3% By…

Benzinga · Jun 15, 2022

Living in TikTok's Shadow, Kuaishou Bleeds Red Ink and Cash

Key Takeaways: Kuaishou’s adjusted net loss narrowed in the first quarter, but its ad revenue came under pressure during China’s latest Covid containment measures

Benzinga · May 27, 2022