Sources: Kuaishou's Kling has picked banks to lead a Hong Kong IPO aiming to raise $1B+ as soon as 2027; Kling hit a ~$15B valuation after raising $2.8B in July
Kuaishou Technology's Kling AI has picked banks for a Hong Kong initial public offering that could raise at least $1 billion, according to people familiar with the matter.
Kuaishou reports Q2 revenue up 1% YoY to ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the biggest drop since 2021, and Kling AI sales up 200% YoY
Kuaishou Technology earnings fell the most in five years, hit by higher revenue sharing payouts to creators while artificial intelligence …
Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B
China's Kling AI has raised an initial $2 billion in venture capital funding as the spinoff from Kuaishou Technology seeks to expand its video AI operations.
Sources: Kuaishou plans to spin off its Kling AI video unit for an IPO in 2027 and is seeking a $20B valuation in pre-IPO funding talks with potential investors
Chinese social media giant Kuaishou Technology is planning to spin off its Kling AI video business ahead of an initial public offering next year …
Chinese AI company Kuaishou reports Q4 revenue up 12% YoY to ~$5.7B, meeting est., adjusted net income up 16% YoY, and Kling AI revenue up 13% YoY to ~$49M
Kuaishou Technology said the rapid scaling up of its generative artificial intelligence tools drove revenue growth.