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Economic Times Tech
Economic Times Tech
7/3/2026
Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraise

Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraise

Short summary

Kuaishou's Kling AI video unit raised $2.8 billion from Alibaba and Tencent at a $15 billion pre-money valuation, signaling strong investor confidence in China's AI sector. Kling AI's revenue quadrupled year-over-year in Q1 2026.

  • •Kling AI secured $2.8B funding at $15B valuation from major Chinese tech investors
  • •Reflects confidence in China's AI video generation market
  • •Revenue grew 4x YoY in March quarter 2026

Generated with AI, which can make mistakes.

#funding-acquisition#ai-tools#market-trend#industry-adoption
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