{"slug": "kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas", "title": "Kling AI closes $3B round at $18B valuation as Alibaba and Tencent back China’s Sora rival: report", "summary": "Kling AI, a Chinese generative AI startup, raised $3 billion in funding at an $18 billion valuation, with Alibaba and Tencent among the backers, according to a report. The company is developing a rival to OpenAI's Sora, which shut down its consumer version in April 2026.", "body_md": "OpenAI shut down the consumer version of Sora in April 2026 after it burned through roughly a million…", "url": "https://wpnews.pro/news/kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas", "canonical_source": "https://techfundingnews.com/kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas-sora-rival/", "published_at": "2026-07-03 12:33:43+00:00", "updated_at": "2026-07-04 03:18:36.028105+00:00", "lang": "en", "topics": ["generative-ai", "ai-startups", "ai-products", "artificial-intelligence"], "entities": ["Kling AI", "Alibaba", "Tencent", "OpenAI", "Sora"], "alternates": {"html": "https://wpnews.pro/news/kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas", "markdown": "https://wpnews.pro/news/kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas.md", "text": "https://wpnews.pro/news/kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas.txt", "jsonld": "https://wpnews.pro/news/kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas.jsonld"}}