Core Viewpoint - The article discusses the launch of the new version of the Keling video generation model, emphasizing its improved quality without a price increase, which has garnered significant attention and user engagement [1][9]. Group 1: Product Features and Performance - The Keling 2.1 model has two versions: the standard version supports 720P and 1080P, while the master version offers higher quality at a higher price [6][33]. - Users have reported that the 2.1 version generates more coherent and realistic content compared to the previous 1.6 version, with notable improvements in motion and detail [2][17]. - The 2.1 version has shown a significant increase in user satisfaction, with 85% of users opting for image-to-video generation [12][41]. Group 2: Financial Performance - Keling generated revenue of 150 million RMB in the first quarter of this year, surpassing the total revenue from July of the previous year to February of this year [9][42]. - The Keling series models captured a 30% market share in the text-to-video field from January to May, indicating strong competitive positioning [37][41]. - Following the launch of Keling 2.0, the market share of a leading competitor, Runway, dropped to 23.6%, reflecting a significant decline of approximately 40% [38][41]. Group 3: Strategic Developments - Kuaishou has established the Keling AI division as a primary business unit, highlighting the strategic importance of Keling AI within the company [46][49]. - The restructuring includes the formation of dedicated product, operations, and technology departments for Keling and related models, indicating a focused approach to AI development [48][49]. - The successful performance of Keling AI has prompted Kuaishou to further invest in AI technologies and applications, enhancing its market position [46][49].