Kuaishou plans to spin off the AI arm Keliing, raise $2 billion in funding, and Tencent will participate.

Kuaishou plans to split its video generation big model business under its Kuling AI, with an estimated valuation of $20 billion. Kuling's current annual revenue has reached $500 million, doubling from before the Spring Festival. In this round, Kuling plans to raise $2 billion in financing and is currently in negotiations with Tencent and other investors, but the deal has not yet been closed. Informed sources have stated that Kuaishou has set up a new incentive mechanism for Kuling--if the future IPO valuation reaches $40 billion, team incentives will be significantly increased.