Recent reports indicate that Kuaishou is considering spinning off its self-developed video generation large model "Kuaishou AI" and plans to start a Pre-IPO funding round independently. According to the information, the target valuation for this round of financing has reached 20 billion US dollars, and it is expected to officially launch the listing process next year.
This valuation has attracted widespread attention in the capital market. As of the closing of the Hong Kong stock market on May 11, the total market value of the parent company Kuaishou Technology was approximately 28.8 billion US dollars. This means that the valuation of Kuaishou AI alone has already reached nearly 70% of the overall market value of the parent company. If this deal is finalized, Kuaishou AI will surpass all top video generation products currently available globally, becoming the highest-valued video generation model in the world.
In terms of commercialization performance, Kuaishou AI has demonstrated strong revenue-generating capabilities. Data shows that the model has already achieved profitability. As of the end of April this year, its annual recurring revenue (ARR) has reached 500 million US dollars. With the continued expansion of its business, it is expected that by the first quarter of next year when the listing is launched, its annual recurring revenue could further increase to 1.3 billion US dollars.
Since its launch, Kuaishou AI has rapidly gained popularity due to its high-quality generation effects. It has ranked among the top applications in download and revenue charts in multiple countries, and has successfully entered the first tier of the global AI video industry. This rapid commercial validation has also made it a "hot favorite" among investment institutions.
Currently, Tencent has already appeared on the list of potential investors. At the same time, competition in the domestic AI sector is becoming increasingly intense, with leading AI companies such as ByteDance, Moonshot AI, and StepStone frequently reporting recent financing or preparation for listing activities. The recent news about Kuaishou AI's independent financing undoubtedly adds more fuel to the already fierce competition in the large model field.




