Kuaishou Technology

“Kling AI, Kuaishou's AI video-generation unit, reportedly raised an initial $2 billion as the Chinese short-video company prepares to carve out the business into a separately funded company, with a separate report saying the unit is nearing a roughly $3 billion round at an $18 billion post-money valuation.”

“China-based Kling AI, an AI video startup and spinoff from Kuaishou Technology, raised $2 billion in VC funding.”