Kuaishou KeLing is rumored to raise funds at a $20 billion valuation, seeking a "solo" IPO.

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Mars Finance News, May 11 — According to media reports, Kuaishou Technology plans to spin off its Keling (Kling) AI video business and aims to go public next year. The report states that Kuaishou has been in talks with potential investors regarding pre-IPO financing for Keling, with this round of funding valuing Keling at $20 billion (approximately 130 billion RMB). Notably, over the weekend, the venture capital circle first leaked news that Keling intends to seek independent financing, sparking widespread industry attention. Regarding the above-mentioned rumors of spin-off and IPO, Kuaishou Technology has been contacted for verification; as of press time, they have not provided a clear response. An anonymous TMT industry analyst pointed out that Kuaishou’s push for Keling’s spin-off and listing may be driven by the need for valuation restructuring. (Science and Technology Innovation Board Daily)

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