Morningstar: Quick Hand Technology's AI investment may further benefit the advertising business.

Morningstar analyst Ivan Su's research report stated that in the long term, the AI investment of Kuaishou Technology may further benefit its advertising revenue. Although Kuaishou Technology's second-quarter earnings exceeded expectations, its better-than-expected performance was mainly driven by e-commerce and its AI video generation tools, which are businesses with lower long-term visibility. These AI investments drove second-quarter advertising revenue to achieve single-digit growth. Morningstar stated, "Although this pace lags behind Tencent, we still believe that there is a lot of room for continuous improvement in the future." Kuaishou Technology's distribution of a special dividend of 2 billion Hong Kong dollars is a positive signal, reflecting management's intention to return excess net cash to shareholders and indicating that further upside potential in Kuaishou Technology's stock price may come from the commercialization of its Ling tool, which is still in its early stages.