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Kuaishou issued an announcement stating that all conditions under the Beijing Kling capital increase agreement have been met, the investors have paid the capital increase in full, and the share purchase has completed delivery. According to the announcement, the total capital contributed by all investors is approximately RMB 19.80184 billion (approximately US$2.90533 billion). After delivery, controlling shareholder Lucky Labs holds 66.68% of the equity and 52.45% of the voting rights, while Alibaba, Tencent and Baidu hold 1.38%, 0.56% and 0.28% respectively. Previously, in July, Kuaishou announced that the scale of this financing would not exceed RMB 20.447 billion, and Dakang Lanwu and BFI MIDCO terminated the original capital increase agreement due to failure to pay on schedule. The capital increase delivery has now been completed.
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Kuaishou announces completion of capital increase delivery for Beijing Kling
Source:Phoenix Technology
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Nov 2
TMTPost · AGI
Kling 4.0 Hands-On Test: AI Characters Enter Live-Action Exhibition-Walkthrough Videos — How Far From One-Stop Finished Video?
Singularity Research Society used Kling 4.0 to produce an exhibition-walkthrough video, with all on-camera appearances handed over to AI; live-action footage and AI characters were split into 7 groups of frames, paired with roughly 3,000 words of prompts, and post-production was completed through synchronized audio-video output, video modification, and the timeline. In the test, the camera movement, composition, and character integration of some shots were already close to directly deliverable, and the audio usability rate was higher than that of the visuals; however, the model would replace the robot on stage with the host off stage, turn a one-take shot into a hard cut, and after modification the audio would also turn into garbled text. The author believes that Kling 4.0 has raised the ceiling for good shots, but stable delivery still depends on creators providing backup at key stages.
Oct 31
Phoenix Technology
Kuaishou Kling AI Completes Delivery of 19.8 Billion Yuan Capital Increase
Kuaishou announced that all conditions of the capital increase agreement for its video generation business Beijing Kling have been met, with total investor contributions of approximately 19.80184 billion yuan (about 2.90533 billion US dollars), and the share purchase has been completed and delivered. After delivery, controlling shareholder Lucky Labs holds 66.68% equity and 52.45% voting rights, while Alibaba, Tencent, and Baidu hold 1.38%, 0.56%, and 0.28% respectively. Previously in July, Kuaishou announced that the financing scale would not exceed 20.447 billion yuan, and Dakang Lanwu and BFI MIDCO terminated the original capital increase agreement due to failure to pay on schedule.
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