On July 2, Kuaishou-W rose 6.68% in regular trading, trading at HK$43.7/share, with turnover of HK$533 million.

On the news front, Kuaishou's subsidiary Kling AI is about to complete a $3 billion funding round with Tencent as a participating investor. Upon completion, Kling AI's post-money valuation will reach $18 billion. Additionally, Kuaishou plans to initiate Kling AI's Hong Kong IPO process within the next 12 months, with proceeds earmarked for computing infrastructure expansion, data center buildout, and core talent acquisition and retention incentives.

Kling AI's rapid commercial growth has bolstered market confidence. Financial data shows that in Q1, Kling AI generated over RMB 650 million in revenue, representing year-over-year growth exceeding 300%, with its March annualized revenue run rate approaching $500 million. Previously, JPMorgan upgraded Kuaishou to Overweight with a target price of HK$71, citing expectations that Kling AI's value would be unlocked within the next 12 months.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)