Kuaishou’s Kling AI is seeking its first funding round since its spinoff, according to IPO Zaozhidao, in a deal that would give the video generation business a pre-money valuation of USD 18 billion.
The round is also being viewed as a pre-IPO financing, according to the same source. Internal plans call for Kling to file a Hong Kong listing application in early 2027.
Kuaishou closed at HKD 48.98 (USD 6.2) a share on June 2, giving it a market capitalization of HKD 212.4 billion (USD 27.1 billion). Based on an approximate USD-HKD conversion, Kling AI’s USD 18 billion pre-money valuation is equal to roughly 66% of Kuaishou’s market value. That implies private investors are pricing the artificial intelligence business on stronger growth expectations than those typically applied to short video platforms.
Revenue growth supports Kling AI’s valuation
Kuaishou’s first-quarter 2026 results showed that Kling AI generated more than RMB 650 million (USD 95.8 million) in revenue during the period, up more than 300% year-on-year.
