| Mobile Web

Search results for Kling

AI & Enterprise

China AI firms\' open-weights strategy questioned as revenue trails OpenAI, Anthropic by 90 percent

Seven major Chinese AI developers’ annual recurring revenue is about one-tenth that of OpenAI and Anthropic, the South China Morning Post reported, citing Rhodium Group estimates. OpenAI and Anthropic together exceed $100 billion. ByteDance and Alibaba lead among the Chinese firms, while some, including Moonshot AI and DeepSeek, pursue fundraising at high valuations. Analysts also warn heavy computing investment could prolong losses, and open-weights strategies may hinder monetisation.

AI & Enterprise

Alibaba\'s AI and semiconductor bets pay off, from CXMT to Zhipu AI

Alibaba Group Holding is posting large unrealised gains from investments in Chinese memory chipmaker CXMT and generative AI startups, after shifting away from large retail takeovers. It holds about 5 percent of CXMT, valued at more than 140 billion yuan, after investing about 7.6 billion yuan since 2021. Alibaba has also backed Zhipu AI and other Chinese AI startups, while continuing investments in semiconductors, data centres and robotics.

AI & Enterprise

Tencent shifts bets to China\'s AI leaders from DeepSeek to AI chips

Tencent is rapidly shifting its investment focus from traditional internet companies to Chinese artificial intelligence firms, investing across large language model startups, AI chips and general-purpose AI agents. It sold part of its stake in Kuaishou but joined a $3 billion funding round for Kuaishou’s Kling AI service. Tencent has backed Moonshot AI and DeepSeek, and has invested in Manus operator Butterfly Effect. It also holds stakes in Zhipu AI, MiniMax, Enflame Technology and Lightelligence.