Kuaishou CFO Jin Bing: It is expected that the annual revenue of Ling AI can double the initial target by 2025.

At the quarterly earnings conference call for the second quarter of 2025 held by Kwai Technology tonight, Kwai CFO Jin Bing stated that the company's annual revenue for 2025 is expected to double from the initial target set earlier this year, which solidifies the company's determination to continue long-term investment in Kwai's AI. Based on the needs of business development, the company has also increased investment in Kwai's AI in terms of inference computing power in the middle of the year. It is expected that the investment in Kwai's AI-related Capex in 2025 will double compared to the initial budget at the beginning of the year. In addition, Jin Bing stated, "It is expected that the overall investment in AI by the group will still have an impact on the annual profit margin of around 1%-2%, which means that despite increasing investment in AI, we are still confident in achieving the goal of maintaining the adjusted net profit margin flat year-on-year for the whole year."