On the evening of October 30, Kuaishou issued an announcement. Keling AI, its video generation model, announced that it has completed this round of capital increases. All investors have paid capital increases for their subscription amounts, and the subscription matters have already been settled. The total capital increase for Keling AI is approximately RMB 19.8 billion, or more than US$2.9 billion. In addition, according to this announcement, Keling AI has also introduced a number of new investors such as Golden Butterfly and Mu Xi.

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