Kuaishou, a short-video company, achieved a group-level quarterly net profit for the first time. Similarly, iQiyi, supported by Baidu, also turned a profit. Kuaishou has started internally testing its chatbot called “Kuaishou AI conversation,” while iQiyi and Bilibili have started using generative AI in content creation.
From Kuaishou to iQiyi, Chinese Tech Firms See Stronger Profits as They Tout Potential of Generative AI
