Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create features Japanese-and-Korean-style filters and cute stickers; Kmovie, a shooting, editing, and production tool; and AcFun, a video sharing website. The company also provides entertainment, e-commerce, online games, online knowledge-sharing, and others. In addition, it engages in developing software, hardware, and network technology; investment activities; and providing programming and advertising, internet information, technology development, promotion, and other services. Kuaishou Technology was founded in 2011 and is headquartered in Beijing, China.
Country
Sector
Themes
Also in
Price· split & dividend adjusted
No price history for this asset yet.
News & notes moving1024.HK
Artificial Intelligence▲3
Kuaishou Q2 2026 revenue rises 1.4% to RMB35.5 billion
Kuaishou Technology reported second-quarter 2026 total revenues of RMB35.5 billion, up 1.4% year-over-year, with adjusted net profit of RMB3.9 billion and an 11% adjusted net margin. The company's Kling AI video generation model generated over RMB850 million in revenue, up over 200% year-over-year, and launched the industry's first native 4K video output. Gross profit margin declined to 51.6% from 55.7% a year earlier, while R&D expenses rose 34.7% to RMB4.6 billion due to higher AI training costs. Kuaishou expects e-commerce marketing service revenue and commission income to face pressure in the second half amid shifting consumer spending and intense competition. The company held RMB121.3 billion in cash and equivalents as of June 30, 2026, and expects total shareholder returns for 2026 to exceed last year's level.
Kling AI Loses Core Engineers Wang Xintao and Wang Meng as Five-Year IPO Countdown Tightens
Kuaishou's video generation large model Kling AI has recently lost key technical backbone members. Wang Xintao and Wang Meng have reportedly left, and the company has not yet responded officially. This marks the third departure of core technical leaders from Kling AI in less than a year. Previously, former technical head Zhang Di left in August 2025 to join Alibaba, and the new model HappyHorse he led has already demonstrated competitive capabilities. Kling AI just completed a 3 billion dollar pre-IPO funding round in July, with a post-money valuation of 18 billion dollars, and set a VAM clause requiring an IPO by October 30, 2031, failing which investors can demand redemption at the original investment price plus 8 percent annual interest. Although first-quarter 2026 revenue exceeded 650 million yuan and the annualized revenue run rate approached 500 million dollars, net loss for 2025 widened to 1.9 billion yuan, net assets were negative 9 million yuan, and it faces strong competition from ByteDance's Seedance 2.0, which has already captured over 80 percent of the market, while Kling's monthly active users stand at only 1.191 million. The loss of core talent brings uncertainty to Kling AI's IPO push and first-mover advantage.
MiniMax releases H3 video model with open-weight plan
Chinese AI firm MiniMax released its H3 video-generation model on Friday, capable of processing text, images, video, and audio to produce up to 15-second clips in 2K resolution with native stereo sound. The Shanghai-based company said it would release H3's model weights within days, extending the open-weight approach into video generation, and that generating 2K video would cost less than one-third of mainstream rival products. H3 is aimed at commercial applications including advertising, e-commerce, product design, and games, and was designed to work with several Chinese-made chips. MiniMax, one of China's well-funded 'AI tigers,' went public in Hong Kong in January and competes with ByteDance's Seedance 2.0 and Kuaishou's Kling 3.0 in the fast-growing video-model market.
Asian tech stocks extend losses, chip sector leads decline as SK Hynix plunges over 10% despite record profit
Asian technology stocks faced continued selling pressure in Wednesday trading, with semiconductor shares leading the market lower. Investors remain concerned about elevated valuations, intensifying competition in artificial intelligence, and the drag from a weaker US stock market overnight. In South Korea, SK Hynix, the world's major memory chip maker, tumbled more than 10% even after reporting record quarterly profit and revenue. The figures fell short of analyst expectations, triggering heavy selling. The pressure spread to other domestic tech names, with Samsung Electronics down over 4%, LG Innotek plunging more than 9%, and Seoul Semiconductor losing over 6%. In Japan, Kioxia dropped as much as 10%, Tokyo Electron fell 8.5%, and SoftBank Group declined more than 7%. In Taiwan, TSMC slipped 1.32%. In China, the ChiNext 300 Index lost 1.83% and the Hang Seng China Semiconductor Chips Index sank more than 5%, underscoring the broad regional sell-off. Bucking the trend, Chinese internet stocks listed in Hong Kong moved higher, with Tencent up 3.6% and Meituan gaining 2.7%, while Alibaba, Baidu, and Kuaishou also traded in positive territory.
Hang Seng surges 580.81 points on China market stability news
The Hang Seng Index in Hong Kong closed up 580.81 points at 25,143.05, a gain of 2.36 percent today, buoyed by news that Chinese authorities are stepping up efforts to stabilize the sluggish stock market. Large state-backed funds such as China Reform Holdings and China Chengtong Holdings have increased their holdings of Chinese stocks and pledged to buy more, while the securities regulator is preparing to discuss measures to support the capital market. Tech stocks that had fallen sharply earlier saw bargain hunting, with Tencent jumping 3.5 percent and Kuaishou Technology surging 4.6 percent. Meanwhile, China's central bank kept the one-year prime loan rate at 3 percent and the five-year rate at 3.5 percent for the 14th consecutive month, as expected.
Tencent Seeks Up to $1.55 Billion in Kuaishou Stake Sale
Tencent Holdings is seeking to raise as much as $1.55 billion by selling part of its stake in Kuaishou Technology through a block trade. The deal involves about 273 million Kuaishou shares, representing a 7.5% stake, offered at HK$43.15 to HK$44.53 each, a discount of 3.2% to 6.2% to Kuaishou's Monday closing price. The sale comes shortly after Tencent joined a $2.8 billion financing round for Kuaishou's Kling AI, and Tencent is expected to face a 90-day lockup on its remaining stake after the block trade. Goldman Sachs Group and Morgan Stanley are arranging the deal.
Shanghai Composite edges lower in directionless trade, hovering around last Friday's close
The Shanghai Composite Index edged lower in directionless trade, fluctuating around last Friday's close. With few catalysts to move the overall market, a wait-and-see mood prevailed ahead of the release of June inflation data midweek. The Hang Seng Index rose for a third straight session, led by gains in major internet stocks, with Tencent and Meituan advancing and Kuaishou Technology surging nearly 8 percent.
Precious metals and aerospace defence sectors see multiple stocks hit daily limit up, A-share three major indices surge in early trading
In early trading on July 3, the three major A-share indices surged, with the Shanghai Composite up 0.49%, the Shenzhen Component up 0.38%, and the ChiNext Index up 0.41%. The precious metals sector continued its strength, with Zhaojin Gold and Chifeng Gold hitting their second consecutive daily limit up, and Xiaocheng Technology, Western Gold, and Shanjin International among many stocks hitting daily limit up. On the news front, weaker-than-expected US June non-farm payroll data dampened expectations for Federal Reserve rate hikes, and Goldman Sachs' co-head of global commodities research said global central bank demand will continue to drive precious metals prices back up to near 5,000 US dollars per ounce. The aerospace defence sector saw a sudden surge, with Aerospace Development, AECC Aviation Power, and Chengchang Technology among many stocks hitting daily limit up, after Liaoning Province issued the Liaoning Province 15th Five-Year Plan for Marine Economic Development, proposing to accelerate the development of marine aerospace equipment and services industries. In Hong Kong stocks, the Hang Seng Tech Index extended gains, with Kuaishou, BYD Company, and Xiaomi Group leading the advance.
General Atlantic in Talks to Lead First Funding Round for Kuaishou’s Kling AI
General Atlantic is in discussions to lead a first round of financing for Kling AI, the video-generation arm of Kuaishou Technology. Kling AI aims to raise more than $2 billion at a post-investment valuation of $18 billion, down from an earlier $20 billion target, according to people familiar with the matter. The talks are at an early stage and may not result in a deal, but if completed, the investment would mark a rare bet by General Atlantic in China’s competitive generative AI sector. Kling AI’s annual recurring revenue grew to about $500 million in March from $300 million in January, driven by the launch of Kling 3.0, and it generated over 650 million yuan in the first quarter, up more than 300% from a year ago. Kuaishou is assessing a proposal to restructure Kling for external funding ahead of a potential initial public offering in 2027.