According to reports, Kuaishou's large model product, Kuaishou AI, is about to complete a new round of financing worth 3 billion US dollars, with participation from heavyweights such as Tencent. After the financing, the post-money valuation of Kuaishou AI is expected to reach 18 billion US dollars. It is reported that Kuaishou has planned to officially start the IPO process for Kuaishou AI in Hong Kong within the next 12 months. The funds raised through the listing will be mainly used for expanding computing power and data centers, attracting and retaining core technical talents.

Kuaishou

As a leading product in the domestic text-to-video field, Kuaishou AI has recently demonstrated strong commercialization capabilities. Financial data shows that in the first quarter of 2026, Kuaishou AI's revenue exceeded 650 million RMB, with a year-on-year growth rate exceeding 300%; by March 2026, its annual recurring revenue (ARR) was close to 500 million USD.

Although Kuaishou has not yet made an official response to this round of financing and the IPO rumors, since the split rumor surfaced in mid-May this year, the independent operation asset path of Kuaishou AI has become increasingly clear. Notably, compared to the original target valuation of 20 billion USD set in April this year, the latest valuation of 18 billion USD has slightly decreased, reflecting the current rational return of the first-tier market for large models while top projects still have extremely high fundraising capabilities.

In the critical period where generative AI is moving towards deep commercialization, Kuaishou AI's decision to split and introduce external capital while pushing for an IPO can significantly ease the pressure of high computing costs and will also accelerate the differentiation of industry tiers.