Kuaishou’s Kling AI Raises Nearly $3 Billion in Funding · TechNode
Tencent joined a broad investor group as the round valued Kling AI at $15 billion and cut Kuaishou’s stake to 68%.
- Kuaishou Technology announced a $2.8 billion capital injection for its artificial intelligence subsidiary, Kling AI, on Friday, with the funding details disclosed in a regulatory filing released after Thursday's market close.
- Serving 700 million monthly active users, Kuaishou operates as China's second most popular short-video platform, while Kling AI has reached more than 60 million creators globally since launching in June 2024.
- Tech giant Tencent invested $200 million in the funding round, which raised 19 billion yuan from a consortium including 21 independent investors alongside the tech company.
- The deal targets a $15 billion valuation for Kling AI, and Kuaishou's stake in the AI unit will be diluted to 68% following the investment, per the regulatory filing.
- Kuaishou shares rose more than 5% at Hong Kong market open but later fell 0.1%, as the company faces intense competition among China-based AI video generators including Tencent's Hunyuan platform.
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Kling, Kuaishou Technology's artificial intelligence unit, the developer of the Kwai short videos app, captured about $2 billion with investors, while the short videos company seeks to separate the operation and list it in stock. Exclusive material for subscribers. To have full access, access the link of the material and register it.
Kling AI raises $2.8B at $15B valuation with backing from Alibaba, Tencent, and Baidu - Tech Startups
China’s AI investment boom just got another major vote of confidence. Kling AI, one of the country’s most popular AI video generation platforms, has secured more than $2.8 billion in fresh funding from a group of investors led by tech […] The post Kling AI raises $2.8B at $15B valuation with backing from Alibaba, Tencent, and Baidu first appeared on Tech Startups.
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