Movement Alert|Kuaishou-W Rises 3.07% in Regular Trading, Kling AI Two-Year Anniversary Sees Global Users Surpass 100 Million

Market Focus
Jun 10

On June 10, Kuaishou-W rose 3.07% in regular trading, trading at HKD 46.14 per share, with trading volume of HKD 372 million. The stock rebounded from a 5% decline two days earlier driven by quarterly profit pressure.

On the news front, Kuaishou's Kling AI platform celebrated its two-year anniversary with global users surpassing 100 million, while officially launching its 3.0 series model featuring synchronized audio-visual generation capabilities and enhanced subject continuity. These upgrades further expand Kling AI's narrative creation boundaries.

On the fundamental side, Kling AI posted Q1 revenue exceeding RMB 650 million, representing over 300% year-over-year growth. As of March, Kling AI's annualized recurring revenue approached USD 500 million, having completed 26 iterations over the past year with 122 published papers and 21 open-source projects. Notably, Kling AI is currently conducting Pre-IPO financing at a pre-money valuation of USD 18 billion, with spin-off listing expectations continuing to boost market sentiment across the broader Interactive Media sector, where Tencent gained 2.07% and Baidu rose 1.03%.

(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.)

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