Kuaishou Shares Jump 10% on Kling Spin‑Off

Kuaishou Technology (HK:1024) shares surged up to 10% to HK$57.40, outperforming the Hang Seng’s 0.3% gain.
The LatePost reported Kuaishou plans to spin off its Kling AI video generation unit, valuing it at $20 billion and targeting an IPO.
Kuaishou is negotiating with investors, including Tencent Holdings Ltd, to raise about $2 billion for Kling, though no definitive agreements exist yet.