Kuaishou’s Kling AI video-generation business generated more than RMB850 million in revenue during the second quarter, up more than 200% year on year and 30% from the previous quarter. Kling AI’s revenue reached RMB1.5 billion in the first half of the year.
Kuaishou reported RMB35.5 billion in total second-quarter revenue, up 1.4% year on year, while adjusted net profit fell 30% to RMB3.9 billion. Advertising and livestreaming revenue both came under pressure, making Kling AI one of the company’s clearest growth businesses. [[Caixin], in Chinese]
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