Kuaishou Plans $20 Billion Kling IPO Next Year as AI Video Rivals Intensify
Updated
Updated · The Information · May 11
Kuaishou Plans $20 Billion Kling IPO Next Year as AI Video Rivals Intensify
11 articles · Updated · The Information · May 11
$20 billion is the valuation Kuaishou is pitching in pre-IPO talks for Kling, its AI video unit, ahead of a planned spin-off and listing next year.
The move aims to tap strong investor demand for AI stocks, with one source saying the valuation assumes Kling reaches about $1.3 billion in annualized revenue by the first quarter of 2027.
Kling generated $75 million in first-quarter revenue, mostly from overseas markets including North America, after Kuaishou said in March its annualized revenue had already topped $300 million.
The planned listing comes as competition sharpens: ByteDance's Seedance 2.0 and Alibaba's HappyHorse-1.0 rank ahead of Kling's latest model, while Alibaba and Baidu are also pursuing AI-related spin-offs.
As its key developer defects to a rival, can Kling's AI model stay ahead of intense competition from ByteDance and Alibaba?
With OpenAI's Sora failing from high costs, can Kuaishou's Kling prove its $20 billion valuation is realistic?
Kling AI’s $20 Billion IPO: Kuaishou’s Bold Gamble in the Global AI Video Arms Race
Overview
Kuaishou's launch of Kling AI 3.0 in February 2026 marks a major leap in generative video technology. Building on earlier features, Kling AI 3.0 introduces advanced reference-based generation, allowing creators to upload a reference video so the system can extract and replicate a character’s visual and voice traits across new scenes. The new multi-shot storyboard feature lets users specify details like shot duration, size, perspective, and camera movement, enabling professional-grade video creation. These innovations promise greater consistency and creative control, positioning Kling AI 3.0 as a powerful tool for content creators and a strong competitor in the AI video market.