On August 18, KUAISHOU-W fell 3.19% in regular trading, trading at HK$38.82/share, with turnover of HK$803 million.

On the news front, the decline was driven by the successive departures of core Keling AI researchers Wang Meng and Wang Xintao, both of whom were deeply involved in the early-stage development of the company's flagship AI video generation model. This marks the third key technical leader to leave within less than a year, following a previous departure in which the former technical head joined Alibaba and developed a competing product. The talent exodus comes at a sensitive juncture — Keling AI recently completed a spin-off financing round at a post-money valuation of US$18 billion, with Tencent, Alibaba, and Baidu all participating.

Adding to the pressure, the company is set to report interim results tomorrow. Market consensus expects quarterly revenue of approximately RMB 35.4 billion, representing only 2.9% year-over-year growth, reflecting slowing momentum in traditional businesses including livestreaming. Investors are closely watching whether intensified AI investment will further weigh on near-term profitability.

(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.)