Kuaishou’s Beijing Kling completes $2.91B financing

Kuaishou's video-generation unit, Beijing Kling, has completed an approximately $2.91 billion financing round with participation from technology companies, state-backed funds, and private investment firms. Kuaishou retains a 66.68 percent equity stake and 52.45 percent voting rights in Beijing Kling following the transaction. The financing follows a corporate restructuring and rapid commercialization that included strong second-quarter revenue growth for Kling AI. Open article →