Kling AI Secures Nearly 3 Billion
Kuaishou Technology announced that its Kling AI unit completed a fundraising round of about 19.8 billion yuan. The video platform operator will retain majority control and voting rights in the maker.
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Kuaishou Technology completed a 19.8 billion yuan ($2.98 billion) fundraising round on Friday for its Beijing Kling AI unit. The funding follows a $2.8 billion raise in July backed by Alibaba Group Holding Ltd and Tencent Holdings Ltd in China. Kling is expanding its war chest as it prepares for an initial public offering next year.
