Kuaishou jumps most in 8 weeks as unit Beijing Kling secures investors

Kuaishou Technology

01/09/2026 06:39

** Shares of Chinese short-video platform Kuaishou Technology 1024.HK jump 7.3% to HK$36.02, on track for the biggest one-day pct gain since July 8
** Stock hits the highest level since August 20
** Top pct gainer in both benchmark Hang Seng Index .HSI and Hang Seng TECH Index .HSTECH, which are down 1.1% and 1% respectively
** Kuaishou says China Artificial Intelligence Industry Investment Fund Partnership and Charoen Pokphand Robot Ltd have agreed to invest 1.40 billion yuan ($208.32 million) and $19.29 million respectively into the company's unit Beijing Kling
** YTD, stock down 45.4%, Hang Seng TECH Index .HSTECH down 17.1%
     
     
($1 = 6.7203 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))