- Home
- Media Center
-
Events
- Wuzhen Summit
- Regional Forums
- Practice Cases of Jointly Building a Community with a Shared Future in Cyberspace
- World Internet Conference Awards for Pioneering Science and Technology
- The Light of Internet Expo
- Straight to Wuzhen Competition
- Global Youth Leadership Program
- WIC Distinguished Contribution Award
- Membership
- Research & Cooperation
- Digital Academy
-
Reports
- Collection of cases on Jointly Building a Community with a Shared Future in Cyberspace
- Collection of Shortlisted Achievements of World Internet Conference Awards for Pioneering Science and Technology
- Reports on Artificial Intelligence
- Reports on Cross—Border E—Commerce
- Reports on Data
- Outcomes of Think Tank Cooperation Program
- Series on Sovereignty in Cyberspace Theory and Practice
- Other Achievements
- About WIC
- 中文 | EN
Kuaishou seeks $2b in offshore bond sale to fund AI push
Chinese technology heavyweight Kuaishou Technology is raising about $2 billion through its first offshore dual-currency bond issuance, as it looks to tap overseas capital markets to support its intensified artificial intelligence development.
The company announced on Friday that it will issue $600 million of 4.125 percent senior notes due in 2031, $900 million of 4.75 percent senior notes due in 2036, and 3.5 billion yuan ($490 million) of 2.450 percent senior notes due in 2031.
Proceeds from the proposed bond issuance will be mainly used for general corporate purposes and to increase offshore cash reserves, a company representative said during an investor conference call on Wednesday.
The company has previously disclosed that its total capital expenditure in 2025 is expected to exceed 14 billion yuan, with a significant portion designated for its artificial intelligence platform, Kling.
Kuaishou said it plans to maintain a similar capital expenditure allocation structure this year, underscoring its continued focus on AI-driven growth.
The World Internet Conference (WIC) was established as an international organization on July 12, 2022, headquartered in Beijing, China. It was jointly initiated by Global System for Mobile Communication Association (GSMA), National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT), China Internet Network Information Center (CNNIC), Alibaba Group, Tencent, and Zhijiang Lab.
