# Kling AI closes $3B round at $18B valuation as Alibaba and Tencent back China’s Sora rival: report

> Source: <https://techfundingnews.com/kling-ai-closes-3b-round-at-18b-valuation-as-alibaba-and-tencent-back-chinas-sora-rival/>
> Published: 2026-07-03 12:33:43+00:00

OpenAI shut down the consumer version of Sora in April 2026 after it burned through roughly a million…