Lates News

Citi released a research report recently, indicating that they have recently communicated with the management team of Kuaishou, including CFO Jin Bing, to discuss topics such as the rapid development of Ke Ling AI, the integration of AI technology and business operations, the latest trends and prospects of e-commerce business, the competitive landscape in the domestic market, and shareholder returns. Citi stated that they continue to be optimistic about the stable performance of Kuaishou's core business, the industry-leading position of their video generation model, and the attractiveness of their valuation, maintaining a "buy" rating. The management team revealed that the daily average consumption of AI-related functions has reached 30 million RMB, the performance of the e-commerce business during the 618 promotion period met expectations, and the competitive situation has improved since the beginning of the year. The primary focus in the future will be to strengthen live e-commerce, optimize shelf e-commerce, and increase commission rates. Citi has set a target price of 66 Hong Kong dollars for Kuaishou, corresponding to approximately 13 times the adjusted earnings per share forecast for 2025.