China's national AI fund backs Kuaishou's Kling in ¥1.53B raise
What's the deal? Kuaishou's video-generation unit, Beijing Keling (Kling AI)Dealroom has a profile for this one. Try Dealroom →, has raised 1.53 billion CNY (about $228 million) in a growth equity round. The company announced the deal on August 31, disclosing joining agreements with two new investors.
Who's backing it? China's National Artificial Intelligence Industry Investment Fund is injecting 1.4 billion CNY, while Charoen Pokphand Robot LimitedDealroom has a profile for this one. Try Dealroom → is putting in roughly $19.29 million — about 131 million CNY. The two stakes correspond to approximately 1.14% and 0.11% of Beijing Keling's registered capital.
Why it matters: Kling AIDealroom has a profile for this one. Try Dealroom →, developed by Hong Kong-listed Kuaishou, is one of China's leading text-to-video generation platforms. The state-backed fund's participation ties a strategic national investor directly into the country's generative-video race.
The fine print: On the same day, Beijing Keling entered into shareholder joining agreements granting both the National Artificial Intelligence Fund and CP Robot repurchase rights.
The signal: The National Artificial Intelligence Fund's lead check signals Beijing's intent to anchor state capital in domestic AI champions. For Kling AI, a national backer brings both funding and political weight as competition in generative video intensifies.
Read more: jiemian.com, cls.cn
Image credit: Generated with Gemini
