<div id="view">

    <div data-bind="invisible: isInvisible">some content

    </div>

     <button data-bind="click: show">Show</button>

</div>

<script>

    var viewModel = kendo.observable({

        isInvisible: true,

        show: function () {

            this.set("isInvisible", false);

        }

    });

    kendo.bind($("#view"), viewModel);

</script>