Kuaishou Technology (HKG:1024) said it is considering a proposal to restructure its Kling AI business, according to a Tuesday filing with the Hong Kong bourse.
The proposal may involve the introduction of external financing, Kuaishou said.
The announcement came after The Information reported Monday the company planned to spin off Kling AI at a $20 billion valuation.
The short-video and live-streaming platform's shares were up 3% in recent midday trade.
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