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KUAISHOU-W Said to Demerge Kling AI Video Biz for Listing at USD20B Valuation
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KUAISHOU-W (01024.HK) plans to demerge its Kling AI video generation business for listing in 2027, with a goal of raising USD2 billion at a target valuation of USD20 billion, according to The Information and Chinese media reports. The company is in discussions with investors including TENCENT (00700.HK). As of January, Kling AI's ARR exceeded USD300 million. KUAISHOU-W CEO Cheng Yixiao voiced confidence that Kling AI's revenue will record substantial YoY growth in 2026. By the end of April, Kling AI's ARR reached USD500 million, sources divulged. AASTOCKS Financial News |
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