HK Stock Market Move | KUAISHOU-W (01024) rises over 6% as Kling 4.0 officially rolls out in full, version iteration expected to further consolidate Kling's commercialization momentum.

KUAISHOU-W (01024) rose over 6%, up 4.41% as of press time at HK$29.86, with a turnover of HK$536 million. On the news front, on the evening of October 15, Kuaishou's Kling AI announced that its video generation model Kling 4.0 has officially rolled out in full. It is reported that Kling 4.0 supports 4K and 1080p 10-bit HDR format output; a single input can include up to 10 images, 5 videos, and 7 subjects used in combination within the same generation task; it supports generating videos up to 30 seconds in a single pass, with support for long shots and continuous narrative. CICC believes that Kling's ARR had already reached the US$500 million level as of March 2026. This version iteration's breakthroughs in narrative continuity and professional specifications continue its commercialization path targeting professional scenarios and are expected to further push its ARR level to a new stage. It is recommended to closely track the generation quality of the official version and customer conversion data in high-threshold scenarios such as medium-to-long-form drama and film and television post-production. Combined with the US$3 billion financing transaction (post-money valuation of US$18 billion) and subsequent spin-off IPO expectations, valuation catalysts are.