Physix Frontier · News Briefing Card (TMTPost · Oct 17, 2026)

Kling AI Launches Kling 4.0 at $18B Post-Money, Topping Kuaishou

KEY FACTS

Late at night on October 15, Kling AI officially launched its video generation model Kling 4.0.
Kling 4.0 supports 4K, 10-bit HDR output, with a single video generation of up to 30 seconds.
Kling completed $3 billion in external funding, reaching a post-money valuation of $18 billion.
On October 13, Kuaishou's stock price fell to HK$28.5, giving it a market value of about $15.6 billion.
Kling is working with CICC, Goldman Sachs, and UBS, targeting a listing as early as next year.

KEY DATA

$18 billionKling post-money valuation

$15.6 billionKuaishou market value

$3 billionKling single-round funding amount

Over 200%Kling quarterly revenue year-over-year growth

PHYSIX OBSERVATION

Kling's valuation surpassing its parent company shows that the capital market is assigning a far higher expectation premium to the AI video track than to mature short-video platforms. But Kling's annual revenue is only about 1.1 billion yuan and it is still losing money heavily, with core talent leaving one after another; whether the high valuation can be realized depends on commercialization after listing.

Source: TMTPost report