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Kuaishou says Kling subsidiary received $2.9 billion in completed equity subscriptions
Kuaishou disclosed on October 30 that investors paid RMB19.80 billion (about US$2.91 billion) in full for equity subscriptions in its Beijing Kling subsidiary and that the transactions completed. New investors took over parts of earlier investors’ commitments; two prior investors did not pay remaining amounts and their commitments were terminated. The amount is capital raised, not Kling revenue, a valuation, or proof of video-model adoption.
Primary source · Kuaishou Technology / HKEX · October 30, 2026
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