Kling Raises $2.8 Billion as Alibaba and Tencent Bet Big on Video Generation

Chinese video-generation lab Kling secured $2.8 billion backed by Alibaba and Tencent, one of the largest raises in the category to date.

Kling has raised $2.8 billion with backing from Alibaba and Tencent, according to reports from @yo123dawg and @CalatheaAI. The figure places video generation among the most heavily capitalized frontiers in AI, and the backers signal how seriously China's largest platforms are treating the category.

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