Kuaishou's Kling AI Raises $2 Billion as Cheng Yixiao Carves Out Its Video Bet
The video unit's first outside financing follows a May restructuring review and comes after Kling reached about $500 million in ARR in March.
By Ryan Merket · Published
Primary source: Bloomberg Technology
Why it matters
Kling AI is being valued as a standalone AI infrastructure and media-production company, while Kuaishou's filings still show it as a fast-growing but small piece of the parent. The raise tests whether investors will fund AI video on future workflow control rather than current contribution to group revenue.
Cheng Yixiao's Kuaishou Technology has raised an initial $2 billion for Kling AI, Bloomberg Technology reported Thursday, giving the Chinese short-video company outside capital for the video-generation operation it has been preparing to separate from the parent.…