On September 1, KUAISHOU-W rose nearly 5% in regular trading, bucking a broadly weaker Hong Kong market where the Hang Seng Index and Hang Seng Tech Index both opened lower.

The rally was driven by the company's announcement that China's National Artificial Intelligence Fund has made a strategic investment of RMB 1.4 billion into its subsidiary Beijing Keling. The deal introduces new investors and adjusts existing investors' commitment levels, with the previously set subscription cap now fully utilized. Following the completion, investors will collectively hold registered capital of RMB 96.18 million in Beijing Keling, corresponding to 100% equity and voting rights.

Keling AI is a core growth engine for KUAISHOU-W, generating RMB 850 million in Q2 revenue with year-over-year growth exceeding 200%, marking three consecutive quarters of rapid expansion. The national-level fund's participation is widely viewed as an endorsement of Keling AI's commercial value and technological capabilities. Separately, the company has been actively buying back shares, repurchasing a cumulative 30.76 million shares under its current authorization.

(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.)