Kuaishou's Kling AI raises 2 billion dollars in a round that could grow to 3 billion

China's biggest tech companies are circling Kuaishou's AI video unit rather than just competing head on, with Tencent among those buying into the round. Spinning Kling off toward its own Hong Kong listing lets Kuaishou cash in on AI hype without diluting its core short video business. It also signals that AI video products with real paying usage, not just flashy demos, are what is pulling in this kind of money right now.