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KUAISHOU-W Opens ~10% Higher on Reported Spin-off Listing of Kling AI Video Unit at USD20B Valuation
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KUAISHOU-W (01024.HK) opened 9.88% higher today at HKD56.7, with 6.7212 million shares traded in pre-market block deals, involving HKD381 million. KUAISHOU-W plans to spin off and list its Kling AI video generation business in 2027, aiming to raise USD2 billion at a target valuation of USD20 billion, according to reports by The Information and Chinese media. 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 expressed 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. Haitong International published a report noting that recent market discussions about the potential spin-off of Kling AI have shored KUAISHOU-W's share price up about 20% between May 5 and 8. The broker believed the likelihood of a future spin-off is high. Under the assumption of a spin-off and listing, Haitong International expected KUAISHOU-W's share price could reach HKD84. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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