Who is leading the funding round for Kling?

CPE, Guofang Investment, BlueFive, Tencent, and Citic Securities are leading the round.

What is Kling's current valuation and how much has it raised?

Kling has raised about $2 billion（約3200億円） (13.82 billion yuan) in this round, with potential for the total to reach as much as $3 billion（約4800億円）. The unit's valuation has been pushed to $18 billion（約2.9兆円）.

When will Kling go public?

Sources said as early as May that Kuaishou planned to spin off Kling and list it on the Hong Kong Stock Exchange, but the article does not specify an IPO date.

Back to articles

Kuaishou's AI video unit Kling raises $2 billion（約3200億円） for Hong Kong IPO

THE DECODER1d ago4 min read

Key takeaway

Kuaishou has raised about $2 billion（約3200億円） for its AI video division Kling, pushing the unit's valuation to $18 billion（約2.9兆円） and setting it up for a Hong Kong Stock Exchange listing. The funding round reflects growing investor interest in Chinese AI companies going public, positioning Kling to compete with global video generation tools from Google, Runway, and ByteDance.

Summaries like this, in your inbox every morning.

3 Key Points

What happened
Kuaishou raised about $2 billion（約3200億円） (13.82 billion yuan) for its AI video division Kling, valuing the unit at $18 billion（約2.9兆円）. The funding round was led by CPE, Guofang Investment, BlueFive, Tencent, and Citic Securities, with more investors potentially joining to push the total to as much as $3 billion（約4800億円）. Kuaishou plans to spin off and list Kling on the Hong Kong Stock Exchange.
Why it matters
Kling is part of a wave of Chinese AI companies pursuing Hong Kong IPOs, alongside recent public debuts by MiniMax and Zhipu AI. Kling competes globally with video tools like Google's Veo 3.1, Runway's Gen-4.5, and ByteDance's Seedance. For businesses evaluating AI video platforms, the funding and scale signal confidence in the market—though Kling is still in early stages of profitability.
What to watch
If additional investors join, Kuaishou's ownership stake in Kling would fall to 68.33 percent. The company recently launched Kling 3.0 video model. The Hong Kong IPO timeline has not been disclosed in the article.

FAQ

Who is leading the funding round for Kling?: CPE, Guofang Investment, BlueFive, Tencent, and Citic Securities are leading the round.
What is Kling's current valuation and how much has it raised?: Kling has raised about $2 billion（約3200億円） (13.82 billion yuan) in this round, with potential for the total to reach as much as $3 billion（約4800億円）. The unit's valuation has been pushed to $18 billion（約2.9兆円）.
When will Kling go public?: Sources said as early as May that Kuaishou planned to spin off Kling and list it on the Hong Kong Stock Exchange, but the article does not specify an IPO date.

Discussion

No discussion yet for this article

Stay ahead with AI news

Get curated AI news from 200+ sources delivered daily to your inbox. Free to use.

Get Started Free

Free · takes 30 seconds · unsubscribe anytime

1 minute a day. The AI essentials.

200+ sources · Email / LINE / Slack

Get it free →