AI video generation: How China’s Kling challenges Google’s Veo, OpenAI’s Sora

AI Summary
Kuaishou's AI video generation platform, Kling, has emerged as a significant competitor to Google's Veo and OpenAI's Sora. Launched in June 2024, Kling has quickly grown, reaching approximately 12 million monthly active users and generating an estimated US$240 million in annual recurring revenue. The platform's revenue exceeded internal targets, reaching US$140 million in 2025, with December alone contributing over US$20 million. This growth has positively impacted Kuaishou's Hong Kong shares. Kuaishou established a dedicated business unit for Kling in April 2025, highlighting its importance to the company's generative AI strategy.
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