Kling AI, Kuaishou's AI video generation unit, has completed the delivery of its capital increase, raising a total of approximately RMB 19.8 billion—the largest single financing round in the AI video sector to date. Major tech companies, including Alibaba, Tencent, and Baidu, participated in the round alongside multiple state-owned investors. Following the delivery, controlling shareholder Lucky Labs holds a 66.68% stake, while CEO Gai Kun holds 23.72% of voting rights through a special share arrangement.