On August 11, KUAISHOU-W fell 3.02% in regular trading, trading at HK$42.96 per share, with turnover of HK$933 million.

On the news front, multiple core technical personnel from Kuaishou's AI video generation model Kling AI have recently departed. Reports indicate that Wang Xintao, a core technical backbone of Kling AI, has left the company, while another key figure, Wang Meng, has also reportedly departed recently. This marks the third time in less than a year that Kling AI has experienced the exit of a core technical leader. CITIC Securities previously identified Kling AI as a core variable influencing Kuaishou's valuation, with an estimated book value increment of approximately RMB 105 billion. The brokerage had maintained a Buy rating with an HK$80 target price, citing Kling's comprehensive moat in strategic investment, computing reserves, video data, core talent, technology iteration, and commercialization.

The broader Interactive Media sector also traded lower, with TENCENT down 2.33%, BIDU-SW down 2.42%, and BILIBILI-W down 1.83%.

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