快手去年那波事之后…

SG Visual Research 图解研报

01-27

这份研报有点反常，

基本不复盘那段剧情，

而是一直在算一件更冷的事：

可灵这条 AI 视频线，到底是不是在真收钱。

$快手-W(01024)$

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