According to people familiar with the matter, Keling AI, a subsidiary of Kuaishou Technology, has selected banks to prepare an initial public offering in Hong Kong, and this listing may raise at least 1 billion US dollars. People familiar with the matter said that this artificial intelligence video generation service provider is cooperating with CICC, Goldman Sachs, and UBS to promote potential stock offerings, with the goal of listing as soon as possible next year. People familiar with the matter said that related discussions are still ongoing, and details such as the scale of fund-raising and listing time may change.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.