China-based Kunlun Tech, an internet and AI company headquartered in Beijing, said in its half-year report that first-half 2026 revenue rose 43.55% year on year to 5.4 billion yuan (US$795 million).

Net profit attributable to shareholders was 1.1 billion yuan (US$161 million), compared with a loss of 856 million yuan (US$127 million) a year earlier.

Excluding non-recurring items, the company still posted a loss of 457 million yuan (US$67.8 million), while basic earnings per share were 0.87 yuan (US$0.13).

Kunlun said revenue from its Tiangong AI business, also known as Skywork AI, increased quarter by quarter during the period and became a source of growth.

It added that its investment business also recovered.

Tiangong AI had topped US$800 million in annualized recurring revenue in the second quarter.

🔗 Source: Yicai