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Jul 03, 2026
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Alibaba, Tencent Invest in Kling AI

OBBM Network Editorial Staff
July 3, 2026
Alibaba Tencent Invest In Kling Ai

Kuaishou Technology announced that a group of investors, including Alibaba and Tencent, will invest over $2.8 billion in Kling AI, valuing the company at $15 billion on a pre-money basis.

Funding and Valuation

The fundraising is a significant investment in China’s fast-growing AI sector, which has attracted billions of dollars in fresh capital. Kling AI, a popular AI video-generating service, will use the funding to further develop its technology and expand its services.

Following the capital injection, Kuaishou’s stake in Kling AI will be diluted to about 68% from 100%. The fundraising allows Kling AI to bring an additional investor within the next two months, and is capped at $2.9 billion.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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