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03/07/2026 - 10:35

Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraise

July 2 (Reuters) - China's Kuaishou Technology said on Thursday a group of investors including Alibaba and Tencent will inject over 19 billion yuan ($2.80 billion) in Kling AI, while valuing the popular AI video arm at $15 billion on a pre-money basis.

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