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Kuaishou's Kling Closes Funding Round, Raising RMB 19.802B (October 31, 2026)

Kuaishou's video-generation unit Kling closed its funding, raising RMB 19.802B (~$2.98B); Kuaishou keeps ~66.68% economics and 52.45% voting rights, targeting a 2027 IPO.

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One-sentence summary

Kuaishou's video-generation model unit Kling completed its funding round, raising RMB 19.802B (about $2.98B); Kuaishou keeps about 66.68% economics and 52.45% voting rights via Lucky Labs and plans a 2027 IPO.

Event Overview ​

Kuaishou's Beijing Kling, a video-generation large-model company, closed its latest funding round, actually raising about RMB 19.802B versus a disclosed upper limit of RMB 20.447B.

Key Information ​

  • Actually raised RMB 19.802B, about $2.98B, about RMB 645M below the RMB 20.447B upper limit.
  • The shortfall came mainly from a BlueFive-affiliated investor not completing its subscription, with some stakes taken by Kingdee, MetaX and others.
  • After the deal, Kuaishou holds about 66.68% economics and 52.45% voting rights via Lucky Labs, retaining control.
  • Media have reported Kling plans an IPO in 2027.

Official Sources ​

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