Tracy Qu

The money will come from government-backed investors and align the AI startup with Beijing’s push for technology self-sufficiency.

The Chinese short-video company is in talks with prospective investors—including Tencent, a major shareholder of Kuaishou—to raise around $2 billion for its Kling unit.

Raffaele Huang, Tracy Qu Chinese short-video company Kuaishou Technology is planning to spin off and list its generative AI unit, which

Alibaba Group’s profitability remained under pressure as the Chinese tech giant continues to invest heavily in artificial intelligence and fend off intense competition in the food-delivery space.

Tracy Qu Alibaba Group's profitability remained under pressure as the Chinese tech giant continued to invest heavily in artificial intelligence

The Chinese search-engine operator recorded another sharp profit drop and a fourth straight quarter of revenue declines.

The Chinese company said the Zhenwu M890 delivers three times the performance of its predecessor.

The Chinese owner of bargain-shopping app Temu reported worse-than-expected profit in the first quarter of 2026.

Baidu expects to list its chip unit in Hong Kong within this year, and for artificial-intelligence income.to support healthy revenue growth over the next few quarters.

The Chinese startup StepFun is set to file for a Hong Kong initial public offering as soon as Monday, people familiar with the matter said.