Kuaishou's Keling AI Set to Raise Over $3 Billion at $18B Valuation

According to Bianniu Shi, Kuaishou's Keling AI is set to complete a funding round exceeding $3 billion, valuing the company at $18 billion post-investment. A Middle Eastern fund is reportedly leading the round, with Tencent, Alibaba, Pantera Capital, and Sequoia listed as potential investors. The company plans to complete restructuring in 2026 and file for an initial public offering in early 2027.

Keling AI saw first-quarter revenue reach 650 million yuan, surging over 300 percent year-over-year. As of March 2026, its annualized recurring revenue (ARR) stands at $500 million, with 60 million global users and over 600 million videos generated to date. The $18 billion valuation implies a price-to-ARR multiple of approximately 36x.