Kuaishou-W (01024) rose nearly 5% during the trading session. As of the time of writing, the stock was up 3.69%, trading at HKD 74.55, with a turnover of HKD 1.357 billion.

Shenwan Hongyuan released a research report maintaining a "Buy" rating on Kuaishou-W (01024). This positive rating is underpinned by the development potential arising from a series of major updates to Kuaishou's Kling AI.

In December, Kuaishou's Kling AI received intensive updates, launching the world's first full-modality video model, Kling O1, and the first audio-visual simultaneous output model, Kling 2.6. As the world's first video generation model supporting full-modality editing, Kling O1 can be better integrated into workflows to enhance efficiency. The Kling 2.6 version supports simultaneous audio and video output, enabling tight integration with various sectors such as gaming, advertising, short dramas, and live streaming. These significant updates to both versions are expected to drive growth in user numbers and payment conversion rates. According to data from Similar Web, by the end of December 2025, the global traffic to the Kling AI website showed significant growth, with single-day visits at the end of December surpassing competitors like Minimax's Conch, Runway, and Midjourney.

In terms of pricing, Kling 2.6 and Kling O1 hold a clear advantage over Google's Veo3.1 and Sora2. The high-quality audio-visual simultaneous output version of Kling 2.6 has a cost per second for generating video ranging from RMB 0.44 to RMB 0.88 for different membership tiers, offering outstanding cost-effectiveness compared to rivals. Furthermore, Kling AI's revenue exceeded RMB 300 million in Q3 2025, and the company anticipates full-year revenue could reach USD 140 million. This positive earnings growth expectation may further drive the stock price higher.