Xin Hua Cai Jing·2026-01-15 03:31Group 1 - Kuaishou Technology is advancing its first offshore bond issuance plan, aiming to raise approximately $2 billion, marking a significant step in diversifying its capital structure and enhancing international financing capabilities [2] - The company plans to issue $1.5 billion in 5-year and 10-year USD-denominated bonds, along with approximately $500 million in 5-year dim sum bonds, with proceeds primarily allocated for general corporate purposes and to bolster offshore cash reserves [2] - Kuaishou's total capital expenditure is expected to exceed 14 billion RMB by 2025, with over two-thirds directed towards its AI platform "Kling," which is central to its technology strategy [2] Group 2 - Kuaishou's AI platform "Kling" achieved a monthly revenue of over $20 million in December 2025, corresponding to an annual recurring revenue (ARR) rate of approximately $240 million, marking a significant milestone in its commercialization process [2] - The offshore bond issuance is expected to optimize Kuaishou's debt structure and reduce financing costs, while also enhancing its credit recognition in international capital markets [3] - Analysts project that Kuaishou's main business will continue to grow steadily in 2026, with a revenue increase of 9% year-on-year to 154.9 billion RMB, driven by a 10% growth in advertising and a 21% increase in other business segments [3]