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.

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Illustration of Kuaishou's Kling AI and Cheng Yixiao depicted as a video unit receiving a $2 billion funding boost

The video unit's first outside financing follows a May restructuring review and comes after Kling reached about $500 million in ARR in March.