HK Stock Market Move | KUAISHOU-W(01024) rises by over 6%. It is reported that the PanAtlantic China Welding Consumables, Inc. group is currently in talks to lead the first round of funding for Ke Ling AI.

KUAISHOU-W (01024) rose more than 6%, rising 6.3% as of the time of publication, reaching HK $47.24, with a turnover of HK $ 10.48 billion. On the news front, according to media reports, General Atlantic China Welding Consumables, Inc. is reportedly in talks to lead a $2 billion financing for the video AI department of Kuaishou. According to public information, Kuaishou's video production large model "Keling AI" had previously announced plans to split and raise $2 billion at a valuation of $20 billion, and is currently in discussions with potential investors including Tencent. Keling AI's revenue in the first quarter of this year exceeded 650 million yuan, a year-on-year increase of over 300%, with ARR approaching $500 million in March. Morgan Stanley predicts that ARR will exceed $1 billion by the first half of 2027. The bank pointed out that based on recent announcements and news reports from Kuaishou, external financing for Keling AI will trigger a revaluation of Kuaishou.