Kuaishou-W (01024) experienced a significant price surge during Wednesday's morning trading session, with its stock soaring by 5.01%.

The sharp intraday gain appears to be driven by several positive developments related to the company's Kling AI platform. The platform recently celebrated its two-year anniversary, announcing that its global user base has surpassed 100 million. Concurrently, it officially launched its enhanced 3.0 series model, which features synchronized audio-visual generation capabilities and improved subject continuity, expanding its narrative creation potential.

Fundamental strength underpins the sentiment, as Kling AI reported Q1 revenue exceeding RMB 650 million, representing over 300% year-over-year growth. Its annualized recurring revenue is approaching USD 500 million, and the unit is currently conducting Pre-IPO financing at a pre-money valuation of USD 18 billion, with spin-off listing expectations providing a further boost to market confidence.