Kuaishou: Expected capital expenditure of approximately 26 billion yuan by 2026, continuing to increase investment in AI computing power and infrastructure.

MaticHoleFiller · 2026-04-10T13:32:47+00:00

Kuaishou CFO Jin Bing stated at the 2025 earnings call that capital expenditures are expected to reach 26 billion RMB in 2026, mainly for computing power and infrastructure construction for the flexible large model, while still aiming to maintain healthy free cash flow.

MaticHoleFiller

2026-04-10 13:32:47

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Sina Technology News, on the evening of March 25, during the Q4 2025 earnings call, Kuaishou’s Chief Financial Officer Jin Bing stated that the company’s overall capital expenditure in 2026 is expected to reach approximately 26 billion RMB, with the additional 11 billion RMB invested in 2025 mainly allocated to computing power support for flexible large models and other foundational large models, as well as routine server procurement expenses such as offline data storage and processing, and investments in data and computing power center construction projects.

Jin Bing said that in 2026, despite a significant increase in capital expenditure, the company still aims to maintain healthy and stable free cash flow at the group level for the entire year.

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