Tencent joins reported $3 billion funding round for Kuaishou’s Kling AI

Kling AI, the AI video generation platform from Kuaishou, is reportedly finalizing a funding round of up to $3 billion, with Tencent participating. This investment is expected to value Kling AI at $18 billion. Consequently, Kuaishou shares reached a one-week high. Previous reports suggest Kuaishou plans to spin off Kling AI for an IPO. The funding round underscores the growth of the platform as it separates from its parent company to pursue independent public listing goals.