Kuaishou-W (01024) rose nearly 5% at the opening of trading. As of the time of writing, the stock was up 4.08%, trading at HKD 81.65, with a turnover of HKD 694 million.
On January 13, Kuaishou-W announced that its Kling AI achieved a monthly revenue exceeding $20 million in December 2025, corresponding to an annualized revenue run rate (ARR) of $240 million. Previously, Kling AI had announced in March 2025, its 10th month since official launch, that its ARR surpassed $100 million. Since December, Kling has successively launched Kling O1, the world's first unified multimodal video model, and the Kling 2.6 model featuring "simultaneous audio-visual generation," alongside introducing new functionalities like motion control, demonstrating the product's rapid iteration pace.
Citi stated that while it had already anticipated a strong performance from Kling AI in December, the actual result slightly exceeded the bank's expectations, signaling robust revenue prospects for 2026. The strong performance in December was likely driven by the launch of Kling Video 2.6, which includes the new "motion control" feature that has gained significant popularity in overseas markets for AI-generated video content. Citi believes Kling's full-year revenue could potentially surpass $250 million.
