business / news / / South China Morning Post
Kuaishou Technology’s shares jumped as much as 10 per cent on Tuesday morning.
Kuaishou plans to spin off its Kling AI video generation service as a separate entity.
KEY POINTS
- Kuaishou is seeking to raise $2 billion for Kling at a $20 billion valuation.
- Tencent Holdings is among the potential investors Kuaishou is engaging for Kling's funding.
- Kling's annualised revenue run rate has doubled to $500 million since before Chinese New Year.
COMPANIES
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