88Z AI, 2 November — Kuaishou's Kling AI has completed a capital increase of approximately 19.8 billion yuan, setting a record for the largest single financing in the AI video sector. Investors include Alibaba, Tencent, Baidu, and several state-owned entities. Post-closing, controlling shareholder Lucky Labs holds 66.68%, while CEO Gai Kun retains 23.72% voting rights through special share arrangements.
At a glance
- Kling AI completes approximately 19.8 billion yuan financing, setting a record for the largest single round in AI video.
- Controlling shareholder Lucky Labs holds 66.68%, while CEO Gai Kun retains 23.72% voting rights.
The update
Kling AI, the AI video generation business under Kuaishou, has officially completed its capital increase closing. The total financing amount is approximately 19.8 billion yuan, or about 2.9 billion US dollars, setting a new record for the largest single financing round in the AI video sector. The investor lineup includes internet giants such as Alibaba, Tencent, and Baidu, along with several state-owned capital institutions. Following the transaction, the controlling shareholder Lucky Labs holds a 66.68% stake. Notably, while CEO Gai Kun does not hold an absolute majority of equity, he retains 23.72% of voting rights through special share arrangements, maintaining significant influence over corporate decisions. This capital operation marks a critical step for Kling AI in terms of financial reserves and equity structure.
Sources & editorial note
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- 智东西Source published
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