---
title: "Kuaishou-W rises over 8% on AI breakthroughs and Keling financing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292026345.md"
description: "Kuaishou-W climbed over 8% to HKD 43.76 amid domestic AI advances and Keling AI securing financing at a USD 18 billion valuation."
datetime: "2026-07-08T07:11:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292026345.md)
  - [en](https://longbridge.com/en/news/292026345.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292026345.md)
---

# Kuaishou-W rises over 8% on AI breakthroughs and Keling financing

Kuaishou-W (1024.HK) surged more than 8% in Hong Kong trading to **HKD 43.76**.

The rally was driven by significant breakthroughs in domestic large AI models and commercialization progress, which boosted the broader tech sector. Kuaishou's subsidiary, Keling AI, completed external financing with a post-money valuation of **USD 18 billion**, potentially lifting the group's valuation ceiling and easing capital expenditure pressure.

On the analyst front, Bank of America maintained a "Buy" rating with a target price of **HKD 63**, citing potential benefits from the Keling AI restructuring and financing. Everbright Securities also reiterated a "Buy" rating with a target of **HKD 68.25**. Although Tencent reduced its stake to **9.37%**, both companies confirmed continued strategic cooperation, alleviating market concerns and refocusing attention on the revaluation logic for undervalued internet leaders.

### Related Stocks

- [01024.HK](https://longbridge.com/en/quote/01024.HK.md)

## Related News & Research

- [Kuaishou files HKEX next-day return showing 50,151-share capital increase](https://longbridge.com/en/news/293027754.md)
- [Kuaishou Plunges After Revealing Tencent Pares Stake in Chinese Video Site](https://longbridge.com/en/news/291886300.md)
- [Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal](https://longbridge.com/en/news/291885810.md)
- [Kuaishou Grants 8.7 Million RSUs in Broad Employee Incentive Move](https://longbridge.com/en/news/293039953.md)
- [Tencent cuts Kuaishou stake to 9.37% from 15.68% after block trade](https://longbridge.com/en/news/291819892.md)