Kuaishou's subsidiary, Keling AI, will complete a $3 billion funding round.

Kuaishou's AI video generation business, Keling AI, has completed a $3 billion (approximately RMB 20.38 billion) funding round. Tencent participated in this round, valuing the company at $18 billion post-investment, a $2 billion reduction from the previous $20 billion target. Kuaishou expects to launch Keling AI's Hong Kong IPO within 12 months, with the funds raised used for computing power development and talent acquisition. Keling AI's annualized revenue has exceeded $300 million, with Q1 revenue of $75 million, primarily from overseas markets.