On June 29, Kuaishou-W rose 3.01% in regular trading, trading at 40.74 HKD/share, with turnover of HKD 273 million. The stock rebounded alongside a broader tech sector rally, with the Hang Seng Tech Index opening 1.6% higher.

On the news front, multiple brokerages recently maintained their Buy ratings on Kuaishou. Changjiang Securities and Huaan Securities both highlighted AI technology continuously empowering the core business, with Keling AI commercialization progressing beyond expectations. In Q1, Keling AI revenue exceeded RMB 650 million, representing year-over-year growth of over 300%. The company has announced plans to spin off its Keling AI business, with General Atlantic reportedly in discussions to lead a USD 2 billion funding round at a USD 20 billion valuation. Additionally, Morgan Stanley upgraded the stock to Overweight with a target price of HKD 71, citing Keling AI value unlocking potential over the next 12 months. The stock had previously declined over 3% on June 26, with today's move representing a sector-wide technical rebound.

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