Business
Friday, 7/3, 04:30 AM
Kuaishou shares slip as Tencent-backed billions pour into its AI video unit Kling
- Kuaishou, the Chinese short-video company, saw its shares fall even as investors including Tencent, Alibaba and Baidu poured billions into its fast-growing artificial-intelligence video business, Kling.
- The reaction captures a tension at the heart of the AI boom: a prized asset can attract huge sums and still leave shareholders of the parent uneasy.