智通财经网·2025-06-10 09:16Core Viewpoint - Kuaishou's Keling technology and commercialization are showing strong upward momentum, with significant user engagement and revenue growth projected for 2025 [1][2]. Group 1: Technology and User Engagement - Keling's technology is leading in the market, ranking alongside Google's Veo series in video generation capabilities [1]. - In April, Keling's access volume reached 20.2 million, reflecting an 18.7% month-over-month increase [1]. - The commercialization of Keling is accelerating, with expected monthly revenue of 60 to 70 million CNY in Q1 2025, and April and May 2025 monthly revenues exceeding 100 million CNY, marking a tenfold increase [1][2]. Group 2: Product Development and Market Position - The launch of Keling version 2.1 is anticipated to enhance user acquisition and payment growth due to its competitive pricing compared to similar products [3]. - Keling's product capabilities are expanding into multiple scenarios, including partnerships with gaming companies and marketing agencies, showcasing its versatility [4]. Group 3: Financial Stability and Shareholder Returns - Kuaishou's fundamentals remain robust, with a total of 1.9 billion HKD repurchased in 2025, contributing to a shareholder return safety net [5].