news Scmp World 2026-07-07

Tencent Slashes Kuaishou Stake Following Kling AI Deal

Tencent Holdings significantly reduced its stake in Kuaishou Technology, selling millions of shares just days after leading a substantial investment in Kuaishou's AI unit, Kling AI.

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.

$

MXN · Minimum $10