Kuaishou jumps on investors' capital injection into unit Beijing Kling

Kuaishou Technology

03/07/2026 08:02

** Shares of Chinese short-video platform Kuaishou Technology 1024.HK jump 6.9% to HK$45.58 - the highest point since June 23 - in the fourth straight rising session
** Stock on track for the biggest one-day pct rise since June 17, if gains hold
** Kuaishou said initial investors set to inject 13.82 bln yuan ($2.04 bln) into Beijing Kling
** The management valued Beijing Kling, which operates its large video generative model Kling AI, at around $15 bln before the transaction
** Jefferies maintains "buy" rating on the stock, says the market has been anticipating the financing of Kling since May and views the updates as a positive  
** "We think Kuaishou is trading at undemanding valuation at 9.8x 2026 P/E without taking into account the valuation of Kling and ex-Kling business" - Jefferies
** YTD, stock down 32.8%, Hang Seng TECH Index .HSTECH down 18%




($1 = 6.7779 Chinese yuan renminbi)

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