Vertical Observer

The vertical-drama business, sourced

UPDATED 23 October 2026 216 REPORTS · 172 COMPANIES

Capital

Kuaishou filing puts Kling AI round at about $3bn for 16.67%

An HKEX filing of 2 July 2026 caps the investment at ¥20.4471bn, roughly $3.0bn, implying a post-money valuation of about $18bn.

officialChina

What this basis means: Regulatory filing, government body, court or industry association.

Kuaishou's filing with the Hong Kong Stock Exchange, dated 2 July 2026, sets out an investment in Kling AI of ¥13.8236bn plus ¥5.2235bn, capped at ¥20.4471bn, or approximately $3.0bn, for 16.67% of the business. That implies a post-money valuation of about $18bn.

The round has been reported at both $3bn and at roughly $420m. The lower figure comes from reading the source string 30亿美元 as renminbi. 亿美元 is $100m, so 30亿美元 is $3bn, while 30亿元 would be about $420m. The filing supports the dollar reading.

The round sits in AI video rather than microdrama itself.

Companies Kling AI, Kuaishou

Sources

  • Kuaishou filing, 2 July 2026 Hong Kong Exchanges and Clearing