0900 GMT - Kuaishou Technology's shares, which jumped 16% Thursday, are likely seeing a boost from the Chinese government's pledge to support AI-related industries, Citi Research analysts write in a note. Officials mentioned Kuaishou's text-to-video AI tool, Kling, during their press conference, the analysts note, adding that the tool is ranked high globally among video generation models, with decent enterprise momentum. There is attractive potential in this segment due to widespread online video consumption, rising advertisers demand as well as long-term demand potential from drama and gaming producers, they add. Kuaishou's valuation looks undemanding, with likely low market expectations, they add. Citi maintains a buy rating on the stock. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 04:00 ET (09:00 GMT)
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