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Kuaishou said Kling AI passed US$20 million in monthly revenue in December 2025, an annualized rate of US$240 million, 19 months after launch — a sign that generated video is becoming a paid business.
MiniMax, a Chinese AI startup, began trading on the Hong Kong Stock Exchange on 9 January 2026 under ticker 100, one day after Zhipu AI's debut, with shares rising 42.67% from the HK$165 issue price.
Kling AI, launched in June 2024, reported a US$100 million annualized revenue run rate in March 2025 and monthly subscription bookings above RMB 100 million in April and May 2025.
On 27 January 2025 DeepSeek's mobile app passed ChatGPT as the most downloaded free app on Apple's U.S. App Store. The same day Nvidia shares fell 17 percent, the biggest one-day loss in U.S. history for any company.
In December 2011, iFlytek said its voice cloud passed ten million total users, after its cloud-based voice input method won awards and received MIIT recognition as a secure, controllable cloud computing solution.
