HK Stock Market Move | Kuaishou-W (01024) rose nearly 5% in the morning session. Keling AI plans to independently list. Analysts predict that Keling AI's ARR will reach $1 billion by the end of the year.

KUAISHOU-W(01024) rose nearly 5% in early trading, as of the time of publication, it has increased by 4.21% to HK$48.5, with a turnover of HK$1.607 billion. In terms of news, recently Kuaishou plans to spin off Keling AI for independent listing, with a target valuation of around US$20 billion. Kuaishou's Chairman and CEO Cheng Yixiao introduced during the first quarter performance conference call that Keling AI's operating income exceeded RMB 650 million during the period, a year-on-year increase of over 300%; by March 2026, Keling AI's annualized income running rate ARR was approaching US$500 million. Morgan Stanley pointed out that Keling AI's ARR had reached US$500 million in March, far exceeding the bank's previous expectation of US$380 million, thus raising its forecast for 2026 year-end ARR from US$860 million directly to US$1 billion. Goldman Sachs also believes that Keling AI's ARR is expected to reach US$1 billion by the end of the year, and emphasized that "Keling's growth momentum far exceeds expectations, despite increased competition from competitors at the beginning of the year, Keling still maintains a leading modeling capability".