Kuaishou's Kling AI Seeks Over $2 Billion at $18 Billion Valuation

According to Bloomberg, Kuaishou's Kling AI video generation unit is in early talks with General Atlantic to raise over $2 billion, valuing the business at approximately $18 billion post-investment. The funding round could precede a potential initial public offering. Kling earlier targeted a $20 billion valuation but lowered it to match investor demand. In the first quarter, Kling's revenue surged more than 300% to 650 million yuan (approximately $96.2 million), with annual recurring revenue reaching about $500 million by March.
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