China's state AI fund and a Thai conglomerate back Kling, Kuaishou's video AI spinoff, in a $215M round

Two strategic investors are taking small but symbolically meaningful slices of Kling, the generative video AI unit Kuaishou just spun out. Beijing's state-backed China Artificial Intelligence Industry Investment Fund will invest RMB1.4 billion (about $200 million at recent exchange rates) for roughly 1.14% of Beijing Kling Technology, while Charoen Pokphand Robot, the robotics arm of Thailand's Charoen Pokphand Group, will invest $19.29 million (RMB131.45 million) for about 0.11%. The two commitments together come to roughly $215 million, filling the subscription limit on this slice of Kling's broader carve-out funding round.

Kuaishou disclosed the agreements in an HKEX filing dated 2026-08-31 and in TechNode's coverage. Both investors receive redemption rights under the subscription agreements, a standard structured-deal term. The subscription limit was fully used, Kuaishou said.

The stakes are small by percentage but distinct in signaling. The China AI fund is a state-aligned vehicle that anchors domestic capital around priority AI bets, and Charoen Pokphand Robot brings a cross-border industrial investor from outside the usual Chinese AI cap table. Kling sits inside a broader roughly $3 billion carve-out round that SCMP has tracked. The slice is modest relative to comparable funding for U.S. generative video peers. The unit's broader valuation and any additional investors in the round have not been disclosed.