Short video app Kuaishou is negotiating on $25 billion worth of investment

Kuaishou is under a new round of financial negotiation, which is aiming at a $25 billion worth of funding. Its former valuation was $18 billion. Kuaishou has long been criticized for its slow movement on commercialization, and it is taking action on solving profitability problems, by initiating an in-app social networking platform equipped with AI technology.