Kuaishou’s AI video-generation unit, Kling AI, is raising external venture and investment funding as the company prepares for a potential spinoff and separate listing. Multiple outlets report that Kling AI has already secured about $2 billion in an initial funding round, led by a group of investors that includes Chinese technology and finance firms and state-linked or industry participants. Other reporting indicates the round may reach roughly $3 billion, with Kling AI’s post-investment valuation commonly cited at about $18 billion, after an earlier target of $20 billion. Some sources also say Kling AI is transitioning toward independent commercial operations, which the funding would support.
Separately, reporting indicates Kuaishou is considering spinning off Kling AI for a separate initial public offering next year. A filing to the Hong Kong Exchanges and Clearing Authority describes Kling AI seeking to raise around $3 billion in its first external fundraising round, with participation from a wide investor group, including firms such as Baidu, Tencent and CITIC Securities, according to one outlet’s account of the filing and other sources’ descriptions. The reported funding and valuation figures are consistent across coverage, though totals and details vary by stage and whether additional investors join.
