China International Capital Corporation

Headlines · 1

1. Oct 6
   Kling AI picks CICC, Goldman Sachs, UBS for $1B-plus Hong Kong IPO

   Kling AI, the AI video generation unit spun out of Kuaishou Technology, has selected China International Capital Corp., Goldman Sachs and UBS to work on a Hong Kong initial public offering that could raise at least $1 billion, Bloomberg reported via The Information, with a listing targeted as soon as next year. TMTPost said the target is as early as 2027, while AIbase said 2026; Kling has not publicly commented and timing and size remain subject to change. TMTPost reported Kling revenue of more than 850 million yuan in the second quarter of 2026, up over 200% year on year, while Kuaishou group revenue rose 1.4% to 35.535 billion yuan; after a July 2026 capital increase, Kuaishou entities retained roughly 68% of the restructured Kling entity and a majority of voting power.

   The Information · 🔥 0

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