Kuaishou's Kling AI seeks $2B at $18B from General Atlantic ahead of IPO

Kuaishou Technology is in talks with General Atlantic to lead a $2B first external round for video AI unit Kling at an $18B valuation. The company is courting a major US backer ahead of a planned IPO and to anchor international credibility in a market where video generation has become the most competitive area of generative AI. Kling sits alongside Google's Veo, Alibaba's Wan, and OpenAI's Sora in a market that has rapidly commoditized 720p clips. The mooted valuation would make it one of the most valuable standalone Chinese AI businesses outside the major platform groups.

View full digest for June 17, 2026