Tencent joins $2.8bn Kling AI fundraise; Kuaishou shares drop
Tencent has joined a $2.8 billion funding round for Kling AI, a subsidiary of Chinese short-video platform Kuaishou. Despite the high-profile investor backing, the news triggered a fall in Kuaishou's share price. Kling AI is a Chinese AI video generator that has gained significant global traction.
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