Kuaishou’s Kling AI brings in China AI fund with RMB1.4 billion investment

Kuaishou’s Kling AI unit Beijing Kling Technology has signed agreements to bring in the China Artificial Intelligence Industry Investment Fund and Charoen Pokphand Robot as new investors. The China AI fund will invest RMB1.4 billion for about 1.14% of the company, while CP Robot will invest about $19.29 million, or RMB131.45 million, for about 0.11%. Both investors will receive redemption rights under the agreements, and Kuaishou said the subscription limit was fully used.