Alibaba and Tencent Back Kling AI in 2.8 Billion Deal
Kuaishou Technology secured over 19 billion yuan from a group of investors to value its AI video division at 15 billion dollars. The capital injection from major tech firms like Alibaba and Tencent will dilute Kuaishou's stake in the unit to 68 percent.
X24 PerspectiveRelated Assets:
X24 Perspective