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Kuaishou plans to spin off its AI video business, with an estimated valuation of 156 billion yuan
Foreign media cited insiders as saying that mainland short video platform Kuaishou (01024) plans to spin off its AI video business, Kling, before its IPO next year, to seize capital opportunities amid the market’s investment boom in AI concept stocks.
It is reported that Kuaishou has entered discussions with potential investors regarding pre-IPO financing for Kling. The valuation for this round of funding for Kling has been set at 20 billion US dollars (approximately 156 billion Hong Kong dollars). Kling focuses on AI video generation large models, directly competing with similar products from ByteDance, Google, and Alibaba (09988).
Kuaishou launched its first Kling large model in 2024, sparking a wave of research and development in domestic AI video generation models, and at one point even faced challenges directly from OpenAI’s Sora.
In March, Kuaishou disclosed that, based on January revenue, Kling’s annualized revenue has already exceeded 300 million US dollars, and it expects full-year revenue in 2026 to double. Insiders said that in the first quarter of this year, Kling’s revenue reached 75 million US dollars, with income mainly coming from overseas markets such as North America.