Recently, it was reported that Ke Ling AI, an artificial intelligence video service provider under Kuaishou Technology, is preparing to conduct an initial public offering (IPO) in Hong Kong. It has selected China International Capital Corporation, Goldman Sachs, and UBS as underwriters, with a planned fundraising amount of at least 1 billion US dollars, aiming to complete the listing as early as 2026.

Although the discussions are still ongoing and details may change, and Ke Ling AI has not yet made an official response, this move has already attracted widespread attention from the capital market and the technology industry.

As a representative product in the domestic generative AI video field, Ke Ling AI has been actively engaged in technological iteration and commercialization exploration, and its capital activities are supported by a solid foundation. In July of this year, Ke Ling AI completed a massive financing round of nearly 3 billion US dollars, led by institutions such as CPE Yuanfeng, Guofang Venture Capital, BlueFive, Tencent, Zhongguancun Science City Fund, and CITIC Securities, and attracted top industry capital such as Alibaba Cloud and Baidu, as well as leading entertainment industry participants such as Huacui Film and Mango Industry Investors.

Currently, the global competition in generative AI is rapidly shifting from pure model training and technological advancement to commercialization and capital operations. Facing increasing homogenization competition and computing power cost challenges in the AI video generation field, if Ke Ling AI successfully lists in Hong Kong, it will not only provide long-term and stable funding support for subsequent model R&D and computing infrastructure construction, but also be expected to become a benchmark case for domestic generative AI large model companies entering the secondary market, providing important references for industry commercialization and valuation systems.