During the earnings call for the fourth quarter of 2025, Jin Bing, the Chief Financial Officer (CFO) of Kuaishou, disclosed that the group's capital expenditures (Capex) are projected to amount to roughly 26 billion yuan in 2026. The extra 11 billion yuan will be mainly allocated to providing computing power support for foundational large models like Kling. Additionally, it will cover the routine procurement of servers for offline data storage and processing, as well as the construction of data computing centers. Jin Bing stressed that, despite the substantial rise in Capex for 2026, the company will still strive to sustain a healthy and stable free cash flow at the group level throughout the entire year.
