Kuaishou's Kling AI Video Platform Hits 12 Million Users, Generates $240M Revenue Competing with Google and OpenAI
Summary
Chinese tech giant Kuaishou's Kling AI video platform explodes to 12 million users in just six months, generating $240 million in revenue while directly challenging Google's Veo and OpenAI's Sora in the rapidly expanding artificial intelligence video generation market.
Key Points
- China's Kuaishou launches Kling AI video generation platform that competes directly with Google's Veo and OpenAI's Sora, reaching 12 million monthly active users since June 2024
- Kling generates approximately $240 million in annual recurring revenue, more than doubling Kuaishou's internal $60 million target and earning over $20 million in December alone
- JPMorgan analysts consider Kuaishou one of the world's most undervalued AI stocks as the company's Hong Kong shares gain 23.3% over the past month