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Last updated ·

Friday, October 30UTC

  1. New
    KuaishouBeijing Kling financingFunding & Deals

    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.

    Kuaishou Technology / HKEX1 source

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Days are UTC. Some sources report an exact time and others only a date; both are placed on their UTC day.