Kling AI

“Kling AI: has tapped CICC, Goldman Sachs, and UBS for a Hong Kong IPO that could raise at least $1 billion as soon as next year after raising $2.8 billion in July at a roughly $15 billion pre-money valuation.”

“This year's largest deals included LLM developer Moonshot AI, Shanghai-based foundational AI startup StepFun and Kling AI, an AI video-generation platform that spun out of social media platform Kuaishou.”