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Tencent's Entry Into Kuaishou's $2.8 Billion Kling AI Raise Lifts Hong Kong Shares

7/4/2026

Kuaishou shares jumped as much as 6.89% at the open of Friday's Hong Kong session after Tencent joined a $2.8 billion fundraising round for Kling AI, Kuaishou's artificial intelligence subsidiary.

Gains faded through the morning, with the stock last trading around 0.75% higher — the more measured read once the headline settled.

Tencent's Participation Changes the Tenor At $2.8 billion, the Kling AI round is large by any standard for an AI subsidiary raise.

What elevates it beyond a straightforward capital event is the identity of one of the participants: Tencent.