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.
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