DossierENTITY

9.37%

Coverage of 9.37% in the Nexus archive.

Earliest in view: Jul 7 · 02:27 UTCMost recent: Jul 7 · 02:27 UTC

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BUSINESSJul 7 · 02:27 UTCSCMP CHINA
Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal
Kuaishou Technology shares fell over 6% after Tencent Holdings sold 273 million Class B shares, reducing its stake from 15.68% to 9.37%. The divestment followed Tencent leading a $3 billion financing round for Kuaishou’s AI video unit, Kling AI.