Alibaba-Backed Video AI Startup PixVerse Is Said to Plan HK IPO

PixVerse, an artificial intelligence video startup backed by China’s Alibaba Group Holding Ltd., is considering a Hong Kong initial public offering as soon as this year, according to people familiar with the matter.

The company, which also counts CDH Investments among its backers, is working with banks including China International Capital Corp. and JPMorgan Chase & Co. on the planned share sale, the people said, asking not to be identified discussing confidential information.