Shares of Kuaishou Technology fell more than 6 per cent on Tuesday morning after Tencent Holdings slashed its stake in the short-video platform by selling 273 million Class B shares, just days after leading a US$3 billion financing round for Kuaishou’s artificial intelligence video unit, Kling AI. The divestment will reduce Tencent’s shareholding in Kuaishou to 9.37 per cent from 15.68 per cent, meaning the tech giant would cease to be a substantial shareholder, according to a Kuaishou filing to...
The move by Adani Ports and Special Economic Zone Limited to divest its 49% stake in Adani Vizhinjam Port Private Limited to Switzerland-based MSC Group has courted controversy, with Kerala govt conveying its displeasure to APSEZ on being kept in the dark