HK Stock Market Move | KUAISHOU-W (01024) rose over 5% in the afternoon. Kling AI plans to list in Hong Kong as early as next year. Kling 4.0 is about to launch.

KUAISHOU-W (01024) rose over 5% in the afternoon. As of press time, it was up 5.26% at HK$30.04, with a turnover of HK$997 million. On the news front, according to Cailian Press, Kuaishou's video generation large model Kling AI is reportedly planning to list in Hong Kong as early as next year, aiming to raise at least US$1 billion. Public information shows that in July this year, Kling AI completed a US$2.8 billion financing round, with investors including tech giants such as Alibaba, Tencent, and Baidu; after the completion of that financing round, Kling AI's pre-money valuation was approximately US$15 billion. On September 28, Kuaishou Kling announced that Kling 4.0 will officially launch in October, among which the lightweight version Kling 4.0 Flash has already opened early access to Black Gold Annual Card members. The new version has significantly upgraded visual realism, creative controllability, and narrative completeness, supports the generation of native videos of up to 30 seconds in a single pass, is equipped with multi-keyframe control, multimodal reference, and precise video editing capabilities, upgrades audio to dual-channel stereo, and will launch 4K HDR output and 2-minute ultra-long continuation.