Kuaishou

“This year's largest deals included LLM developer Moonshot AI, Shanghai-based foundational AI startup StepFun and Kling AI, an AI video-generation platform that spun out of social media platform Kuaishou.”

“Kuaishou — Extended case study of a company that survived competition against a much larger, resource-advantaged ByteDance because of deep, hard-to-migrate social network effects ('Laotie culture')”