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Kuaishou reports Q2 revenue flat at ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the biggest drop since 2021, and Kling AI sales up 200% (Rachel Yeo/Bloomberg)

Kuaishou Technology earnings fell the most in five years, hit by higher revenue sharing payouts to creators while artificial intelligence …

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

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Daily Debrief: What Happened Today (Aug 19)

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