UAE's BlueFive Capital Leads $3B Round in Chinese Video Firm 'KlingAI'

Abu Dhabi-based BlueFive Capital has co-led a nearly $3 billion funding round for Chinese AI video generation company Kling AI, marking one of the largest investments ever made in the fast-growing generative video sector. The round values Kling AI at $18 billion and brings together a heavyweight syndicate of investors including Tencent, CITIC Securities, CPE, Guofang Investment, Baidu and Alibaba Cloud, underscoring continued global appetite for AI infrastructure and content-generation platforms.

For BlueFive Capital, the deal is another signal of the Gulf's expanding role in global AI investing. The Abu Dhabi investment platform, which manages $15 billion in assets, said the investment aligns with its strategy of backing foundational technologies while deepening its presence in China following the launch of its Beijing office last year. The financing also positions Kling AI—one of China's leading AI video model developers—for further commercial expansion as competition in generative video intensifies worldwide.