Kuaishou stock faces AI IPO catalyst near its yearly low
Published on 10/08/2026 at 06:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Kuaishou Technology stock (ISIN KYG532631028) was trading at HKD 28.90 on HKEX on October 8, 2026 at 11:59 a.m. HKT, 0.21 percent above its 52-week low of HKD 28.84. The immediate company story is Kling AI, whose potential Hong Kong listing could raise at least USD 1 billion, according to Yahoo Finance on October 6, 2026.
Kling AI adds a new valuation angle
The video platform has selected China International Capital Corp, Goldman Sachs and UBS Group to work on the potential offering, with a listing targeted as soon as 2027, the report said. The timing and size remain subject to change, so the IPO plan is a strategic catalyst rather than a completed transaction.
The financing backdrop is substantial. Kling AI raised USD 2.8 billion in July, reaching a valuation of USD 15 billion before that funding round, according to Yahoo Finance.
Profit growth trails AI ambition
Kuaishou reported Q2 2026 revenue of RMB 35.5 billion, up 1.4 percent year over year, while adjusted net profit reached RMB 3.9 billion and adjusted net margin stood at 11 percent, according to the company's earnings call carried by Yahoo Finance on August 19, 2026.
The internal mix is more encouraging for AI than for the legacy business. Kling AI generated more than RMB 850 million in Q2 revenue, up more than 200 percent year over year, while online marketing revenue increased 4.4 percent to RMB 20.6 billion. At the same time, management said heavier AI investment and consumer-demand pressure would weigh on near-term profitability.
Analysts see a wide valuation gap
The consensus on Investing.com is Buy from 32 analysts, including 18 Buy, 12 Hold and 2 Sell ratings. The average 12-month target is HKD 47.75, with a high of HKD 102.05431347 and a low of HKD 27.60388622; the average target is 65.2 percent above the HKD 28.90 reference price.
Kuaishou stock stays near its yearly low
Kuaishou stock was last at HKD 28.90 on HKEX on October 8, 2026 at 11:59 a.m. HKT, down HKD 0.80 or 2.69 percent from the prior close. Its market capitalization was HKD 124.0 billion, with 18,991,507 shares traded and a 52-week range of HKD 28.84 to HKD 89.85.
Kuaishou stock facts
- Company: Kuaishou Technology
- ISIN: KYG532631028
- Ticker: 1024
- Trading venue: Hong Kong Stock Exchange
- Price (as of October 8, 2026, 11:59 a.m. HKT): HKD 28.90
- Market capitalization: HKD 124.0 billion (as of October 8, 2026)
- 52-week range: HKD 28.84-89.85 (as of October 8, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
