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Tencent is seeking up to $1.6 billion by selling a 7.5% stake in Kuaishou, reflecting a strategic realignment amid market challenges and regulatory pressures.
Chinese AI video platform Kling has raised $2 billion in funding as it prepares for a Hong Kong IPO, signaling strong investor confidence in its AI-driven video tools.
Kling AI, the video generation unit of Kuaishou, has raised $2 billion in venture capital, with potential funding to reach $3 billion as it prepares for independence.