On June 17, Kuaishou-W rose 3.83% in regular trading, trading at HK$46.08/share, with turnover of HK$321 million.

On the news front, JP Morgan recently upgraded Kuaishou from Neutral to Overweight, raising its target price significantly from HK$48 to HK$71. The bank noted that Kling AI growth is outpacing expectations, lifting revenue forecasts by 34% and 64% respectively, while highlighting Kuaishou's US$13 billion net cash position representing 52% of market cap, providing substantial downside protection.

Additionally, Kling AI marked its second anniversary with global users surpassing 100 million, up approximately 67% from 60 million at year-end, covering 224 countries and regions with nearly 50,000 enterprise clients. Commercially, Kling AI's Q1 revenue exceeded RMB 650 million, representing over 300% year-over-year growth, with ARR approaching US$500 million. The ongoing Pre-IPO financing round at a US$18 billion pre-money valuation and spin-off listing expectations continue to bolster market sentiment.

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