On July 2, 2026, after the trading session had concluded, Kuaishou made an announcement on the Hong Kong Stock Exchange. Its indirectly wholly-owned subsidiary, Beijing Kling—which is projected to house Kuaishou Group's assets and businesses related to the Kling AI upon the completion of restructuring—has struck a capital increase deal with 21 initial investors and other relevant entities. These initial investors have committed to injecting 13.824 billion Chinese yuan (equivalent to $2.028 billion) in cash into Beijing Kling. Moreover, an additional 15 investors have also inked a joiner agreement, pledging to contribute a combined total of 5.2235 billion Chinese yuan (around $766.39 million). The overall capital increase is capped at 20.4471 billion Chinese yuan ($3 billion), representing roughly 16.67% of Beijing Kling's enlarged registered capital. Following this capital infusion, Kuaishou's equity interest in Kling will be diluted to approximately 68.33%.