Kuaishou: Expected Capex of approximately RMB 26 billion in 2026, will continue to increase investment in AI computing power and infrastructure

2026-03-25 12:51:45

Mars Finance reports that during the Q4 2025 earnings call, Kuaishou CFO Jin Bing stated that the company’s overall Capex investment is expected to reach approximately 26 billion RMB in 2026. The additional 11 billion RMB invested in 2025 will mainly be used for computing power support for the Lingling large model and other foundational large models, as well as for routine server procurement such as offline data storage and processing, and data/computing center construction projects. Jin Bing said that in 2026, despite a significant increase in Capex, the company will still aim to maintain healthy and stable free cash flow at the group level throughout the year.

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