onJuly 4, 2026
Kuaishou’s Kling AI Raises $2.8 Billion at $15 Billion Valuation—Alibaba, Tencent, and Baidu Back AI Video Unit as ARR Surges from $240M to $500M in 3 Months
Tencent just invested $200 million in a direct competitor to its own Hunyuan video model. That single fact tells you everything about the…