Ge Long Hui·2025-12-03 02:41Core Viewpoint - Citigroup reports that Kuaishou launched its latest Keling O1 model on December 1, positioning it as the "world's first unified multimodal video model" [1] Group 1: Product Features - The upgrade enhances video effects and consistency, featuring two key technological innovations: extending the video length limit from 5 seconds to 10 seconds, and introducing an integrated framework that allows users to combine multiple instructions in a single input box, such as text prompts, reference images, and videos [1] - The new model is expected to significantly improve user-generated video flexibility and efficiency [1] Group 2: Market Position and Valuation - Citigroup observes that Kuaishou continues to strengthen its Keling technology to maintain its leading position in the market [1] - The firm maintains a "Buy" rating for Kuaishou due to its low valuation, with a target price of HKD 88 [1]