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Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal

South China Morning Post / 07 July 2026 / 4h ago

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Shares of Kuaishou Technology fell more than 6 per cent on Tuesday morning after Tencent Holdings slashed its stake in the short-video platform by selling 273 million Class B shares, just days after leading a US$3 billion financing round for Kuaishou’s artificial intelligence video unit, Kling AI. The divestment will reduce Tencent’s shareholding in Kuaishou to 9.37 per cent from 15.68 per cent, m

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Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal

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