Kuaishou’s AI video division, Kling, has secured $2 billion in funding from investors, valuing the unit at $18 billion. This move is part of Kuaishou’s plan to spin off Kling and list it on the Hong Kong Stock Exchange. Kling is still in its early stages of generating revenue, but it’s seen as a core part of Kuaishou’s business. The company competes with other video tools like Google’s Veo 3.1 and ByteDance’s Seedance. Why it matters: Kling’s massive funding round and upcoming IPO reflect the growing interest in Chinese AI companies and the increasing competition in the AI video market, which is significant in the broader AI landscape as it signals a shift towards more specialized and commercialized AI applications.