The Zhitong Finance App learned that Kuaishou-W (01024) rose more than 6%. As of press release, it had risen 4.41% to HK$29.86, with a turnover of HK$536 million.

According to the news, on the evening of October 15, Kuaishou's Kling AI announced that Kling 4.0, a video generation model, was officially fully launched. According to reports, Kling 4.0 supports 4K and 1080p 10-bit HDR format output; inputs up to 10 images, 5 videos, and 7 subjects at a time, and can be used in combination in the same generation task; supports video generation for up to 30 seconds at a time, and supports long shots and continuous storytelling.

CICC believes that Keling's ARR had previously reached the $500 million level in March 2026. This iteration's breakthrough in narrative continuity and professional specifications continues its commercialization path for professional scenarios, and is expected to further push its ARR level to a new level. It is recommended to focus on tracking the quality of production of the official version and customer conversion data for high-threshold scenarios such as medium- and long-form dramas, movies, and TV later stages. Combined with a $3 billion financing transaction (post-investment valuation of US$18 billion) and subsequent spin-off and IPO expectations, the valuation is highly catalytic.

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