0932 GMT - Kuaishou Technology's recent share-price pullback due to competition is unwarranted, CGS International analysts say in a research note. The market likely underestimated the addressable market of the artificial-intelligence video generation industry, which could hit US$10 billion-US$13 billion by 2030, they say. Kuaishou's Kling AI will likely maintain its leading market position globally given its mainly overseas user mix and continued product leadership, they note. Kling AI's revenue could rise to 5 billion yuan in 2028 driven by rising pay user conversion and strong enterprise monetization, CGS estimates. AI could also be an efficiency multiplier for its core business of advertising, livestreaming and e-commerce. CGS International initiates its Kuaishou coverage with an add rating and target price of HK$60.43. Shares last ended at HK$46.38. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 21, 2026 05:32 ET (09:32 GMT)
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