** Shares of Chinese short video platform Kuaishou Technology 1024.HK rise 7.5% to HK$58.6, their highest levels since March 28
** Stock marks biggest intraday pct rise since March 6; top gainer in the Hang Seng Tech Index .HSTECH, which slips 0.9%
** Kuaishou said its large video generation model Kling AI achieved an Annualized Revenue Run Rate, or Current Month's Revenue, surpassing $100 million in March 2025 in the 10th month since its official launch
** JPMorgan, with an "Overweight" rating on the stock, reiterates Kuaishou as top pick in China digital entertainment and expects the share price to rerate in the next 6M on ads acceleration and further ramp-up of Kling AI monetization
** "We are more positive on Kling AI monetization outlook on strong demand from key verticals (advertising, professional content generation) and expect robust high double-digit revenue growth in the next few years" - J.P. Morgan
** YTD, stock up 40.9%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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