Chinese tech giant Kuaishou Technology is set to raise approximately $2 billion through its inaugural offshore dual-currency bond issuance, aiming to tap international capital markets to bolster its artificial intelligence (AI) initiatives.

The company announced on Friday that it will issue $600 million of 4.125% senior notes due in 2031, $900 million of 4.75% senior notes due in 2036, and 3.5 billion yuan (roughly $490 million) of 2.450% senior notes due in 2031.

Proceeds from the bond issuance will be primarily allocated for general corporate purposes and to boost offshore cash reserves, as outlined by a company representative during an investor conference call on Wednesday.

Kuaishou had previously disclosed an anticipated capital expenditure exceeding 14 billion yuan in 2025, with a significant portion earmarked for its AI platform, Kling. The company reaffirmed that its capital expenditure plans for the year would follow a similar structure, emphasizing its ongoing commitment to AI-driven growth.