Sou Hu Cai Jing·2026-03-25 13:17Core Insights - Kuaishou Technology's CEO Cheng Yixiao announced that the annualized revenue run rate for Keling AI has exceeded $300 million as of January this year, which is approximately 2.07 billion RMB at current exchange rates [1] - The company maintains strong confidence in Keling AI achieving over 100% year-on-year revenue growth by 2026 based on current growth momentum and commercialization progress [1] Financial Performance - Kuaishou's CFO Jin Bing revealed that the group's capital expenditure (Capex) is expected to reach approximately 26 billion RMB in 2026, with an additional 11 billion RMB investment compared to 2025 [1] - The increased Capex will primarily support Keling's large model and other foundational model computing power, as well as conventional server procurement and data/computing center construction [1] - The recently released financial report indicates that Kuaishou's average daily active users reached 410 million in 2025, with total revenue growing by 12.5% year-on-year to 142.8 billion RMB [1] - The adjusted net profit for the full year 2025 was 20.6 billion RMB, reflecting a year-on-year increase of 16.5%, with an adjusted net profit margin of 14.5% [1]