Kuaishou's Kling AI has secured an equity investment from a national-level industry fund. According to the official announcement, the National Artificial Intelligence Industry Investment Fund injected 1.4 billion yuan into Beijing Kling, and Zhengda Robot invested approximately $19.29 million, which is equivalent to about 131 million yuan. This transaction marks a follow-up closing of the nearly $3 billion financing plan that Kling disclosed back in July. The same announcement further states that the capital increase ceiling of approximately 20.447 billion yuan, or roughly $3 billion, has been fully used up. After the completion of this round, the National Artificial Intelligence Industry Investment Fund and Zhengda Robot each hold approximately 1.14% and 0.11% stakes, respectively. The fund participating in this round, namely the National Artificial Intelligence Industry Investment Fund, has a total asset scale of around 60.06 billion yuan, and it is controlled by Phase III of the National Integrated Circuit Industry Investment Fund.
Kuaishou's Kling AI has received an equity investment from a national-level industry fund, according to an announcement. The National Artificial Intelligence Industry Investment Fund invested 1.4 billion yuan in Beijing Kling, while Zhengda Robot put in approximately $19.29 million, equal to about 131 million yuan.
The funding represents a follow-up closing of the nearly $3 billion financing round Kling announced in July. The announcement said the total increase limit for this round was about 20.447 billion yuan, or roughly $3 billion, and that amount has been fully used. Following the completion of the transaction, the National Artificial Intelligence Industry Investment Fund and Zhengda Robot hold stakes of around 1.14% and 0.11%, respectively.
The investing entity, the National Artificial Intelligence Industry Investment Fund, is itself a large fund with about 60.06 billion yuan in scale. It is controlled by Phase III of the National Integrated Circuit Industry Investment Fund, a state-backed vehicle.
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