Report: Kuaishou's Kling AI selects banks to prepare Hong Kong IPO, plans to raise at least $1 billion

According to Bloomberg News, Kuaishou's Kling AI has selected underwriting banks to prepare for a Hong Kong IPO, with a fundraising scale of at least 1 billion US dollars, and is working with China International Capital Corporation, Goldman Sachs Group, and UBS Group, targeting a listing as early as next year. Kling AI completed 2.8 billion US dollars in financing this July, with a pre-investment valuation of about 15 billion US dollars, and investors include Alibaba, Tencent, and Baidu; among its competitors ByteDance Seedance, Shengshu Technology, and PixVerse, the latter two also plan to IPO in Hong Kong.