Goldman Sachs: KUAISHOU-W (01024) AI revenue trend in the second quarter exceeds expectations, rated as "buy"

Goldman Sachs released a research report stating that the annualized revenue run rate of KUAISHOU-W (01024) subsidiary Keling AI exceeded $100 million in March, with monthly payment amounts in April and May also surpassing 100 million RMB. It is believed that the run rate will exceed the company's guidance and market expectations. The bank expects Keling AI's revenue in the 2025 fiscal year to surpass $120 million and continue to grow rapidly. The bank has a "buy" rating on Kuaishou with a target price of 63 Hong Kong dollars.