BeijingKuaishou’s Kling raised 19.8 billion yuan for AI video.

Zhidx calls it AI video’s largest round, with Alibaba, Tencent and Baidu among investors.

Kuaishou’s Lucky Labs keeps 66.68% of equity, while CEO Gai Kun’s special shares give him 23.72% of votes on 3.02%.

Two investors missed payment deadlines and quit, cancelling 100 million yuan and $80 million of commitments.

Three late-joining investors, including Kingdee and MetaX, hold buyback rights on their shares.

How each outlet framed it
Zhidx
details the Kling funding close with the shareholder table, including Alibaba, Tencent and Baidu stakes and the Gai Kun voting-rights arrangement, plus two investors who exited

Sources: Zhidx