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

Kuaishou’s AI video generation platform, Kling AI, is reportedly close to completing a $3 billion funding round, with Tencent participating in the investment. Upon completion, Kling AI is expected to be valued at $18 billion. In May, foreign media reported that Kuaishou was planning to spin off Kling AI and launch an IPO as early as the first quarter of 2027.