Kling AI
Coverage of Kling AI in the Nexus archive.
- Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal
Kuaishou Technology shares fell over 6% after Tencent Holdings sold 273 million Class B shares, reducing its stake from 15.68% to 9.37%. The divestment followed Tencent leading a $3 billion financing round for Kuaishou’s AI video unit, Kling AI.
- Kuaishou files US$3 billion Kling AI funding round to Hong Kong stock exchange
Kuaishou's artificial intelligence video arm, Kling AI, is seeking to raise around $3 billion in its first external fundraising round, as filed with Hong Kong Exchanges and Clearing. The funding round includes investors from Chinese technology companies, state-backed investment vehicles, and the entertainment industry, as first reported by the South China Morning Post.
- China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources
Kling AI, backed by Kuaishou, is nearing a US$3 billion fundraising round valuing the company at US$18 billion post-investment. The valuation was reduced from an initial US$20 billion target set in April when Kuaishou planned to spin off Kling AI, reflecting market shifts in China’s AI video generation sector.
- Kuaishou beats estimates as Kling AI video generator’s revenue jumps 300%
Kuaishou Technology reported Q1 revenue of 33.7 billion yuan, surpassing estimates, driven by a 300% revenue surge in its AI video generator, Kling AI. The company's overall revenue grew 3.4%, attributed to AI technologies boosting content and business growth.