Keling's $3 billion funding round has been fully closed, with the National AI Fund taking an equity stake.
1 hours ago
News Flash from Dongcha Beating AI: Kuaishou’s Keling AI has secured investment from a national industrial fund. The National Artificial Intelligence Industry Investment Fund has injected 1.4 billion yuan into Beijing Keling, while Charoen Pokphand Robot Investment contributed approximately $19.29 million (equivalent to around 131 million yuan). This is a follow-up to Keling’s nearly $3 billion financing plan announced in July. According to the announcement, the total cap for this round of capital increase, about 20.447 billion yuan (roughly $3 billion), has been fully utilized. The National Artificial Intelligence Industry Investment Fund and Charoen Pokphand Robot now hold stakes of approximately 1.14% and 0.11% respectively. The National Artificial Intelligence Industry Investment Fund, which made the investment, has a scale of around 60.06 billion yuan and is controlled by the third phase of the National Integrated Circuit Industry Investment Fund.
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