By Jiahui Huang


Chinese video-sharing platform Kuaishou Technology's shares surged in Hong Kong on robust revenue from Kling AI, its self-developed video-generation tool.

Shares rose 8.0% to 58.85 Hong Kong dollars in Friday afternoon's trading session, equivalent to US$7.50, on track for its largest one-day gain since March.

The company said that Kling AI had achieved an annualized revenue run rate of more than US$100 million in March. The company launched the platform in June last year.

The tool, which helps creators and businesses produce more attractive and engaging content and ads, also reached monthly subscription bookings of more than CNY100 million in April and May, the company said.

Kuaishou accelerated the commercialization of Kling with revenue surpassing CNY150 million in the first quarter, Jefferies analysts said in a recent note. About 70% of the revenue came from subscriptions by professional consumers and 30% from API calls by business clients, they noted.

Kuaishou, which competes with ByteDance's Douyin in China, has been enhancing its AI capabilities to drive business growth. Competition in the saturated short-video industry has intensified after Tencent joined the race by launching its video accounts on WeChat. RedNote has also pushed into the live-streaming e-commerce space.

The latest version of the Kling model proves Kuaishou's capability to maintain its leading position among global players in the field of AI video generation, Citi said.


Write to Jiahui Huang at jiahui.huang@wsj.com


(END) Dow Jones Newswires

06-06-25 0348ET