Kuaishou's 'Kling AI' Nears Completion of $3 Billion Financing, Middle Eastern Fund May Lead

CoinFeed July 3 news, according to Bianews, Kuaishou's 'Kling AI' is about to complete an independent financing round exceeding $3 billion, with a post-investment valuation of $18 billion. It is reported that the lead investor in this round may be a fund with a Middle Eastern background, and well-known institutions such as Tencent, Alibaba, General Atlantic (5.080, 0.01, 0.20%) Investment, and Sequoia are also on the list of potential investors. Kling AI plans to complete reorganization and share reform in 2026 and expects to officially submit its listing application in early 2027. Notably, the $18 billion valuation is a price after market 'reassessment.' Kuaishou's initial psychological expectation was $20 billion, which was later lowered due to capital market feedback. Even so, this is still the largest financing in the global AI video generation track in 2026. Public financial reports show that Kling's revenue last year was about 1.04 billion yuan, accounting for only 0.73% of Kuaishou's total revenue.