BUSINESSSCMP CHINA
From Moonshot to Enflame: how Tencent is betting big on China’s AI champions
Tencent Holdings is shifting its venture capital investments from legacy internet assets to focus on China's leading artificial intelligence companies. The company recently reduced its stake in Kuaishou Technology while supporting a $3 billion funding round for Kuaishou's AI video unit, Kling AI.
Mentioned
Related Signal
Adjacent reporting
- Tencent bets on AI agents, smaller models in race with Alibaba, ByteDance
- Tencent moves closer to launching AI agent for China’s most-used app
- Alibaba, Tencent Disappoint Investors Hoping for Big AI Payoff
- China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected
- Tencent, Alibaba Face Slowing Growth as AI Costs Mount