On July 8, Kuaishou-W rose 3.41% in regular trading, trading at HK$42.1 per share with turnover of HK$1.107 billion, rebounding from the previous session's 12.04% plunge triggered by Tencent's major stake reduction.

On the news front, despite Tencent selling approximately 273 million B-class shares on July 6 through off-market block trades at HK$43.15-44.53 per share — reducing its stake from 15.68% to 9.37% and relinquishing its major shareholder status — multiple institutions maintained positive ratings on Kuaishou. Citi retained its Buy rating with a HK$72 target price, citing unchanged fundamentals and Kling AI's growth potential. Additionally, Kuaishou repurchased 4.853 million shares for HK$199 million on July 7, sending a supportive signal to the market.

Notably, Tencent's divestment came just four days after it co-led a nearly US$3 billion funding round for Kuaishou's Kling AI unit at a US$18 billion valuation, with analysts characterizing the move as a capital reallocation from legacy internet exposure toward AI assets rather than a loss of confidence in Kuaishou's prospects.

(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.)