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Kuaishou

ConsumerActiveBeijing, People's Republic of ChinaFounded 2015Website ↗

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  1. Jul 3, 2026Kuaishou Spins Off Kling AI in Record $2.8B Round, Setting Up Hong Kong IPO Pulse story

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  1. Baidu's Ad Business Craters as AI Cloud Grows 25%Baidu's Q2 revenue fell 4% to $4.62 billion as online advertising dropped 19% on China's weak consumer demand, even as its AI cloud and applications segment grew 25% to ¥12.5 billion -- a split that shows AI revenue scaling far too slowly yet to offset a legacy business in decline.→
  2. Kuaishou Spins Off Kling AI in Record $2.8B Round, Setting Up Hong Kong IPOKuaishou Technology's video-generation subsidiary Kling AI closed roughly $2.8 billion in spinoff financing at an $18 billion post-money valuation, with rivals Alibaba, Tencent and Baidu all buying into the round ahead of a planned Hong Kong listing.→

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  1. Jul 3, 2026FUNDINGKuaishou Spins Off Kling AI in Record $2.8B Round, Setting Up Hong Kong IPO~$2.8B spinoff round→

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FUNDING

Kuaishou Spins Off Kling AI in Record $2.8B Round, Setting Up Hong Kong IPO

Illustration for: Kuaishou Spins Off Kling AI in Record $2.8B Round, Setting Up Hong Kong IPO
FUNDING~$2.8B spinoff round

Kuaishou Spins Off Kling AI in Record $2.8B Round, Setting Up Hong Kong IPO

Kuaishou Technology's video-generation subsidiary Kling AI closed roughly $2.8 billion in spinoff financing at an $18 billion post-money valuation, with rivals Alibaba, Tencent and Baidu all buying into the round ahead of a planned Hong Kong listing.

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