China AI Video Startup Kling Picks Banks for $1 Billion-Plus IPO

Kling AI, the AI video generation unit of Kuaishou Technology, has selected banks for a Hong Kong initial public offering that could raise at least $1 billion, according to people familiar with the matter.

• Kling AI is Kuaishou Technology's AI video generation business
• The IPO will take place in Hong Kong with banks already chosen
• The offering could raise at least $1 billion