Kuaishou's Kling AI Seeks USD 3 Billion in First Funding Round on July 3

According to Kuaishou's Hong Kong stock exchange filing on July 3, the company's AI video unit Kling AI is seeking approximately USD 3 billion in its first external fundraising round. Backers include Baidu, Tencent, Alibaba Cloud, and the Beijing Information Industry Development Investment Fund. Kling AI had amassed more than 22 million global users as of April 2026, with an annualized revenue run rate exceeding USD 100 million as of March 2025. The unit also serves over 10,000 corporate clients and developers through application programming interfaces.
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