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Kuaishou Technology (HK:1024) shares surged on Tuesday after reports revealed that the Chinese short-video giant is considering spinning off its Kling artificial intelligence video generation business. The news boosted investor confidence in the company’s AI ambitions, sending Kuaishou stock up as much as 10% in Hong Kong trading to HK$57.40, significantly outperforming the Hang Seng Index, which gained only 0.3%.
According to Chinese tech media outlet The LatePost, Kuaishou is seeking fresh funding for Kling at a reported valuation of $20 billion. The company is also reportedly preparing the AI unit for a future initial public offering (IPO). Sources familiar with the matter said Kuaishou is in discussions with several potential investors, including Tencent Holdings Ltd (HK:0700), with plans to raise approximately $2 billion for the AI-focused division.
In response to the market speculation, Kuaishou confirmed that it is evaluating a possible restructuring of the Kling business that could involve external financing. However, the company clarified that the proposal remains in its early stages and that no final agreements have been signed regarding the potential transaction or fundraising plans.
Kling has gained attention in China’s rapidly expanding artificial intelligence sector due to its advanced AI video generation capabilities. The platform positions Kuaishou as a growing competitor in the AI content creation market, especially against ByteDance-owned Douyin, which has also been investing heavily in AI technologies.
The latest development highlights increasing investor interest in Chinese AI stocks and AI-driven video platforms as competition intensifies among major Chinese technology companies. Analysts believe that a successful spin-off and funding round for Kling could strengthen Kuaishou’s position in the global artificial intelligence and short-video industries while unlocking additional shareholder value.
