BRIEF: Kuaishou eyes spinoff for Kling AI video creation unit
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Kuaishou Technology stated on Tuesday that it is considering a potential restructuring of its Kling AI video creation department to enable the department to secure independent financing. In response to media reports, Kuaishou said it is exploring plans for a separate listing of Kling to obtain financing for the video creation department. Kuaishou noted that the proposal is still under evaluation and is in the "preliminary stage." Kling AI is part of a new product area that utilizes AI to generate videos. On Monday, the Evening Post reported that Kuaishou plans to spin off Kling AI with a valuation of $20 billion
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