AIBloomberg1h ago
Kuaishou's Kling selects banks to lead a Hong Kong IPO aiming to raise
Sources: Kuaishou's Kling selects banks to lead a Hong Kong IPO aiming to raise $1B+ as early as 2027; Kling hit a $15B valuation after raising $2.8B in July
TL;DRChinese AI video startup Kling plans Hong Kong IPO targeting $1B+ in 2027.
Why it matters: Signals major capital markets bet on generative video AI and Chinese tech's Hong Kong return.
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.
Read full articleSource: Bloomberg · Opens in new tab