Sources: Kuaishou plans to spin off its Kling AI video unit for an IPO in 2027 and is seeking a $20B valuation in pre-IPO funding talks with potential investors (The Information)

The Information: Sources: Kuaishou plans to spin off its Kling AI video unit for an IPO in 2027 and is seeking a $20B valuation in pre-IPO funding talks with potential investors — Chinese social media giant Kuaishou Technology is planning to spin off its Kling AI video business ahead of an initial public offering next year …