Beijing Kling, a Kuaishou unit, signed accession agreements with the National Artificial Intelligence Fund and Zhengda Robotics, adding both parties as investors under its capital increase agreement. The company said the National Artificial Intelligence Fund will inject RMB 1.4 billion, while Zhengda Robotics will contribute about $19.29 million, equivalent to roughly RMB 131.45 million.
The announcement was disclosed by Kuaishou on August 31. The new commitments bring fresh cash capital into Beijing Kling under the expanded investment arrangement.
Kuaishou Unit Beijing Kling Adds National AI Fund, CP Robot in Capital Increase
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