Citigroup notes Kuaishou (01024.HK) announced on Sept. 28 it will roll out
flagship model Kling4.0 around October and opened a limited Kling4.0 Flash trial
the same day. Based on released samples, Kling4.0's video quality appears to
approach Seedance 2.0–2.5, though Citigroup says real-world performance must be
assessed after full launch. The bank flags two market drivers: whether Kling4.0
can displace the still-widely-used Seedance 2.0 (and 2.5) and whether Kling4.0's
pricing will be competitively set versus Seedance 2.0; it will monitor user
feedback. Citigroup maintains neutral on Kuaishou, PT HK$41.