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Kuaishou's Kling AI Secures $2.8 Billion Funding Round
Kuaishou has filed for a $2.8 billion funding round for its Kling AI, with Tencent joining as an investor. This significant investment has led to a surge in Kuaishou's shares.
2 Jul, 21:58 — 3 Jul, 06:01
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SCMPMostly Factual10d ago
Kuaishou files US$3 billion Kling AI funding round to Hong Kong stock exchange
Chinese short video giant Kuaishou said on Thursday evening that its artificial intelligence video arm, Kling AI, was seeking to raise around US$3 billion in its first external fundraising round, according to a filing to Hong Kong Exchanges and Clearing. The funding round, first reported by the South China Morning Post on Wednesday, was backed by a long list of investors, spanning Chinese technology heavyweights, state-backed investment vehicles and entertainment industry participants. Baidu,...
By Ben Jiang
Read full article →channel-news-asiaMostly Factual10d ago
Crusoe in talks to raise $3 billion funding, Bloomberg News reports
Read full article →seeking-alphaMixed10d ago
Tencent joins $2.8B funding for Kuaishou's Kling AI; shares surge 7% before trimming gains
Read full article →Coverage Timeline
First report: channel-news-asia · 2 Jul, 21:58|Full coverage: 3 · 8h|Window: 8h
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