Can Ling AI completes nearly 3 billion dollars in financing, with a single round of financing second only to DeepSeek.

On the evening of July 2nd, Kuaishou (01024) successfully secured nearly 3 billion US dollars in its first round of financing for its leading video creation model, Keling AI, valuing the company at 18 billion US dollars post-investment. This round of financing is only second to DeepSeek's first round financing of 7 billion US dollars, surpassing Kimi's largest single round financing of 2 billion US dollars, making it the second largest single round financing in the domestic AI field in recent years, and setting a new record for the largest funding for a global video model company. This round of financing was jointly led by CPE Source Peak, Guofang Venture Capital, BlueFive, Tencent, Beijing Centergate Technologies Science City Fund (United Nations Science and Investment), and CITIC SEC, with dozens of top-tier institutions participating. The funding also attracted top industry capital from companies like Alibaba Cloud, Baidu, Zhejiang Huace Film & TV, and Mango Industry Investor (Thick Capital). Of note, CPE Source Peak has invested in both Kimi and Keling, focusing on the "general + vertical" AI race; BlueFive Capital, from Abu Dhabi, made its first investment in a Chinese AI video model. Keling AI currently has an ARR of nearly 500 million US dollars, with over 100 million users worldwide spanning 224 countries and regions. It is the fastest commercialized AI video product globally, signaling the beginning of its independent commercial development process.