Business and InvestmentMedium importance
Kling AI, Kuaishou's AI video unit, closes a round of about US$3 billion
Kuaishou said on Friday (10/30) that Beijing Kling completed a raise of about 19.8 billion yuan (US$2.98 billion). Kuaishou keeps two thirds of the capital and 52.45% of the votes. The round follows another of US$2.8 billion in July, when Kling was valued at US$15 billion pre-money. According to Bloomberg, the company plans to go public next year.
Published in edition no. 3 of Noticiário do Joãozinho ·
Translated by Joãozinho AI from the original Brazilian Portuguese edition. Facts, numbers and sources are the same as in the original; quotes, video titles and source names stay in their original language. Read the original in Portuguese
Original source
https://www.channelnewsasia.com/business/kuaishous-kling-ai-unit-completes-near-3-billion-funding-round-6507461