Kuaishou's Kling AI Pursues Independent Listing at $20B Valuation

Kuaishou is reportedly planning to spin off its Kling AI video generation business for an independent listing, with a target as early as 2027.

The company has already started a pre-IPO fundraising round, with Kling’s valuation discussed at around $20 billion.

Kling’s revenue has surged since launch, and Kuaishou has set up new subsidiaries that are widely seen as part of listing preparations.

The move would formalize one of China’s fastest-growing AI video businesses and could intensify competition in the sector.