<div id="readability-page-1"><div><p>Market sources said that KUAISHOU-W (01024.HK)<span> </span><span> -2.140 (-4.369%)  </span> <span> Short selling $274.79M; Ratio 19.486%  </span> 's video generation business Kling AI is conducting its first round of financing since the spin-off, with a pre-money valuation of USD18 billion. The fundraising is a pre-IPO financing round for Kling AI.</p><p>It is understood that Kling AI plans to submit its Hong Kong listing application in early next year.</p><p>KUAISHOU-W is currently quoted at HKD46.88, down 4.29%, with a turnover of 43.0842 million shares, involving HKD2.025 billion. (jl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 12:25.)</p></div></div>

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<p>Kuaishou's Kling AI is raising funds in its first post-spin-off round, achieving an $18 billion pre-money valuation. This pre-IPO financing supports plans to submit a Hong Kong listing application early next year. Meanwhile, Kuaishou-W shares fell 4.29% to HKD 46.88, with significant short selling activity reported.</p>

- Kuaishou-W (01024.HK) has dropped by 4.369%, with short positions totaling $274.79 million, representing 19.486%.  
- Its video generation business, Kling AI, is undergoing its first round of financing since its spin-off, with a pre-financing valuation of $18 billion and plans to file for a Hong Kong IPO next year.  
- Current stock price for Kuaishou-W is HK$46.88, down 4.29%, with a trading volume of 43.08 million shares amounting to HK$2.025 billion.

KUAISHOU-W 's Kling AI Seeks First Post-Spin-off Funding at Pre-money Valuation of USD18B