0836 GMT - Kling, Kuaishou Technology's AI video business, is likely to see more room for growth from its latest fundraising round, while the long-term outlook remains challenging, according to Morningstar's Ivan Su in a research note. "We're encouraged to see outside capital now funding Kling's hefty compute bill, with minority interests absorbing a portion of its losses," Su says. However, the fundraising only covers approximately one year of capital expenditure and remains small compared to the capex of larger competitors like ByteDance and Google, the analyst says. Morningstar maintains its fair value estimate for Kuaishou at HK$90.00. Shares last traded at HK$43.98. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 04:36 ET (08:36 GMT)

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