1. Kuaishou Moves to Spin Off Kling AI Video Unit, Targets 2027 IPO at $20B Valuation
Kuaishou Technology is preparing to separate its Kling AI video generation business into an independent entity, with plans for a public listing in 2027, according to sources with knowledge of the matter. The company is simultaneously engaging potential investors in pre-IPO funding talks anchored around a $20 billion va...