0758 GMT - Kuaishou Technology's outlook looks positive in 2Q with steady core businesses and encouraging AI progress, according to Deutsche Bank Research analyst Leo Chiang in commentary. Kling AI, a tool for creating imaginative images and videos, continued to gain traction, generating 150 million yuan in revenue in the first quarter, Chiang says. This progress is likely to continue, he adds. The analyst expects its core ads and e-commerce businesses to maintain steady growth in 2Q as it continues to enhance its video-content ecosystem and monetization capabilities. DB keeps a buy rating, with a target price of HK$75.00. Shares were last traded at HK$53.00. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 30, 2025 03:58 ET (07:58 GMT)
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