Kuaishou has secured approximately $2 billion in funding for its artificial intelligence video unit, Kling, bringing the company’s valuation to $18 billion. Major investors including Tencent, CPE, and Guofang Investment led the round, with potential additional capital pushing total proceeds toward $3 billion. Sources indicate Kuaishou intends to spin off the division and list it on the Hong Kong Stock Exchange, a move that would reduce its ownership stake to 68.33 percent. This funding follows similar listings by MiniMax and Zhipu AI, positioning Kling alongside global competitors like Google and Runway. The company recently introduced its Kling 3.0 model while still operating at a loss.
The investment highlights the intense competition within the Chinese technology sector as firms seek public markets to raise capital. Kling faces the challenge of generating revenue while matching the capabilities of Western video generation tools. The Hong Kong listing provides a pathway for these entities to access foreign capital without relying solely on domestic markets.
* Total valuation reached $18 billion after the funding round.
* Kuaishou’s ownership share will drop to 68.33 percent if more investors join.
* Kling 3.0 is the latest model released to compete with international rivals.
