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Tencent Mobility, a unit of Tencent Holdings , is seeking to raise up to $1.55 billion by selling shares in Chinese short-video company Kuaishou Technology , according to term sheet seen by Reuters on Monday.
China's Kuaishou Technology said on Thursday a group of investors including Alibaba and Tencent will inject over 19 billion yuan ($2.80 billion) in Kling AI, while valuing the popular AI video arm at $15 billion on a pre-money basis.
Kuaishou raises 19 billion yuan ($2.79 billion) for its Kling AI subsidiary, which targets creators with AI-driven services. The company was reportedly targeting a valuation of $15 billion from the raise, which drew $200 million from Tencent.
Kuaishou Technology's Kling has raised around $2 billion from investors, as the short-video company seeks to spin off and list its artificial-intelligence video unit.
Kuaishou Technology remains a hold as near-term earnings and margin pressures persist despite a stronger AI narrative. Kling AI's rapid growth—Q1 revenue >RMB650 million, March ARR ~$500 million—makes KUASF's AI investment case more credible. Core platform fundamentals are intact, with AI-driven gains in online marketing and e-commerce offset by ongoing live streaming weakness.
Kuaishou Technology (KSHTY) Q1 2026 Earnings Call Transcript
HONG KONG, May 27, 2026 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced its unaudited consolidated first quarterly results for the three months ended March 31, 2026. First Quarter 2026 Key Highlights Average DAUs on Kuaishou APP were 412.7 million, representing an increase of 1.2% from 408.0 million for the same period of 2025.
The Chinese short-video company is in talks with prospective investors—including Tencent, a major shareholder of Kuaishou—to raise around $2 billion for its Kling unit.
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