Daiwa: Once Kuaishou's (01024.HK) financing is in place, its core business has a very attractive implied valuation.

According to the Zhitong Finance and Economics APP, on July 2nd, Kuaishou (01024.HK) announced its plan to spin off Kuai Ling AI and bring in external financing. According to the announcement, the current round of financing for Kuai Ling AI amounts to nearly 3 billion US dollars, and the post-investment valuation is expected to reach 18 billion US dollars, signaling the official start of its independent commercial development process.