KUAISHOU rose 12% as its AI partner BlueFocus recently submitted an IPO application to the Hong Kong Stock Exchange

The market is speculating on AI application concepts, with KUAISHOU (01024.HK) opening nearly 5.9% higher, reaching a high of HKD 75.25 during the day, a rise of 13.5%, and the latest price reported at HKD 74.55, up 12.5%, with a transaction volume of HKD 6.161 billion. Bilibili (09626.HK) also saw its stock price rise by 5.9%, reported at HKD 211.4.

KUAISHOU's AI partner, BlueFocus (300058.SZ), submitted its prospectus again to the Hong Kong Stock Exchange last Tuesday (December 30) and plans to list on the main board in Hong Kong. After a 20% surge in stock price last Wednesday (December 31), this morning (5th), the stock price rose again by 6.5%, reported at RMB 12.27.

Last September, KUAISHOU announced that its AI creative productivity tool, KuaLing AI, based on the video generation large model "KuaLing" and the image generation large model "KuaTu," officially signed a strategic cooperation agreement with BlueFocus to conduct in-depth cooperation in various aspects such as AI video generation technology research and development, platform collaboration, scene co-construction, and content creation optimization, jointly exploring the potential of AI video generation, marking the official entry of domestic AI video generation technology into the marketing application field. BlueFocus's self-developed AI industry model, the Xinying Creation Platform Blue AI, will be the first to access KUAISHOU's KuaLing AI video large model API, promoting the accelerated development of AI applications in the marketing industry by introducing industry-leading AI video generation large models into the marketing field