IT - Technology

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

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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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