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Technology's Q3 Profit Surges 50%","url":"https://stock-news.laohu8.com/highlight/detail?id=2484196440","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484196440?lang=en_us&edition=fundamental","pubTime":"2024-11-20 19:06","pubTimestamp":1732100764,"startTime":"0","endTime":"0","summary":"Kuaishou Technology  recorded a 50% increase in its third-quarter profit to 3.27 billion yuan from 2.18 billion yuan a year prior, a Wednesday Hong Kong bourse filing stated.The Chinese video-sharing platform's earnings per share climbed to 0.75 yuan from 0.49 yuan in the year-ago period.The technology company's revenue rose 11.4% to 31.1 billion yuan from 27.9 billion yuan a year earlier.The average daily active users on Kuaishou, which competes with Douyin, the Chinese equivalent of TikTok, rose 5.4% to 407.5 million in the third quarter from 386.6 million a year earlier.The growth was driven by Kuaishou's efforts to improve user acquisition and retention, such as integrating e-commerce and enhancing algorithms.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU1770034418.SGD","LU1719994722.HKD","BK1608","LU1720050803.USD","LU0348767384.USD","LU2097828714.EUR","LU2097828805.USD","BK1591","01024","81024","BK1610","LU1303224171.USD","BK1590","LU1251922891.USD","LU2097828631.EUR","BK1575","LU2097828557.USD","LU2097828474.EUR","LU1794554557.SGD","LU0348766576.USD","BK1095"],"gpt_icon":1},{"id":"2484343195","title":"BRIEF-Kuaishou Technology Announces Third Quarter 2024 Unaudited Financial Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2484343195","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484343195?lang=en_us&edition=fundamental","pubTime":"2024-11-20 18:46","pubTimestamp":1732099604,"startTime":"0","endTime":"0","summary":"BRIEF-Kuaishou Technology Announces Third Quarter 2024 Unaudited Financial ResultsNov 20 (Reuters) - Kuaishou Technology 1024.HK:KUAISHOU TECHNOLOGY ANNOUNCES THIRD QUARTER 2024 UNAUDITED FINANCIAL RE","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241120:nTUA7QC1KZ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0348767384.USD","LU1251922891.USD","LU1770034418.SGD","BK1591","81024","BK1590","LU1720050803.USD","LU0348766576.USD","LU1719994722.HKD","LU2097828474.EUR","LU1794554557.SGD","BK1608","BK1610","BK1095","LU2097828805.USD","LU2097828714.EUR","LU2097828557.USD","01024","LU2097828631.EUR","BK1575","LU1303224171.USD"],"gpt_icon":0},{"id":"2484401166","title":"Kuaishou Technology Announces Third Quarter 2024 Unaudited Financial Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2484401166","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484401166?lang=en_us&edition=fundamental","pubTime":"2024-11-20 16:37","pubTimestamp":1732091874,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241120:nTUA7QC1KZ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1575","LU1303224171.USD","LU2097828714.EUR","LU1794554557.SGD","LU1770034418.SGD","81024","LU0348766576.USD","LU2097828557.USD","LU1719994722.HKD","BK1608","BK1590","LU2097828474.EUR","LU2097828805.USD","BK1095","LU1251922891.USD","BK1610","LU2097828631.EUR","01024","BK1591","LU0348767384.USD","LU1720050803.USD"],"gpt_icon":0},{"id":"2484422166","title":"Press Release: Kuaishou Technology Announces Third Quarter 2024 Unaudited Financial Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2484422166","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484422166?lang=en_us&edition=fundamental","pubTime":"2024-11-20 16:37","pubTimestamp":1732091820,"startTime":"0","endTime":"0","summary":"HONG KONG, Nov. 20, 2024 /PRNewswire/ -- Kuaishou Technology , a leading content community and social platform, today announced its unaudited consolidated results for the three months and nine months ended September 30, 2024.-- Average DAUs on Kuaishou APP were 407.5 million, representing an increase. of 5.4% from 386.6 million for the same period of 2023.of 4.3% from 684.7 million for the same period of 2023.-- Total e-commerce GMV was RMB334.2 billion, representing an increase of. -- Total revenue increased by 11.4% to RMB31.1 billion from RMB27.9 billion. for the same period of 2023. Online marketing services and live streaming. contributed 56.6% and 30.0%, respectively, to the total revenue. The. -- Gross profit increased by 17.0% to RMB16.9 billion from RMB14.5 billion. for the same period of 2023. Gross profit margin in the third quarter of. -- Profit for the period was RMB3.3 billion, compared to RMB2.2 billion for. the same period of 2023. Adjusted net profit increased to RMB3.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1591","01024","81024","BK1590","LU2097828474.EUR","LU1719994722.HKD","LU2097828805.USD","LU0348766576.USD","BK1575","LU1720050803.USD","BK1095","LU1303224171.USD","BK1608","LU1770034418.SGD","LU1251922891.USD","LU2097828631.EUR","LU1794554557.SGD","BK1610","LU2097828714.EUR","LU0348767384.USD","LU2097828557.USD"],"gpt_icon":0},{"id":"2484191166","title":"BRIEF-Kuaishou Technology Posts Q3 Net Income Of RMB3,270 Mln","url":"https://stock-news.laohu8.com/highlight/detail?id=2484191166","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484191166?lang=en_us&edition=fundamental","pubTime":"2024-11-20 16:34","pubTimestamp":1732091667,"startTime":"0","endTime":"0","summary":"Nov 20  - Kuaishou Technology Q3 revenue RMB 31,131 million.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241120:nPLX3BFBAD:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1794554557.SGD","LU0348766576.USD","LU2097828557.USD","BK1610","BK1095","LU1770034418.SGD","LU2097828805.USD","LU0348767384.USD","LU2097828714.EUR","01024","LU1251922891.USD","LU1719994722.HKD","BK1591","BK1590","LU2097828474.EUR","LU1303224171.USD","BK1575","81024","LU1720050803.USD","BK1608","LU2097828631.EUR"],"gpt_icon":0},{"id":"2484667166","title":"Kuaishou Technology Q3 Gross Margin 54.3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2484667166","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484667166?lang=en_us&edition=fundamental","pubTime":"2024-11-20 16:32","pubTimestamp":1732091564,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241120:nPLX3BFBAD:6","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1591","01024","81024","BK1590","LU2097828474.EUR","LU1719994722.HKD","LU2097828805.USD","LU0348766576.USD","BK1575","LU1720050803.USD","BK1095","LU1303224171.USD","BK1608","LU1770034418.SGD","LU1251922891.USD","LU2097828631.EUR","LU1794554557.SGD","BK1610","LU2097828714.EUR","LU0348767384.USD","LU2097828557.USD"],"gpt_icon":0},{"id":"2484663291","title":"Kuaishou Technology Q3 Net Income RMB 3,270 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2484663291","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484663291?lang=en_us&edition=fundamental","pubTime":"2024-11-20 16:32","pubTimestamp":1732091564,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241120:nPLX3BFBAD:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1095","BK1591","BK1590","LU2097828631.EUR","LU1719994722.HKD","LU2097828557.USD","LU1794554557.SGD","LU1303224171.USD","LU2097828474.EUR","BK1575","BK1610","LU2097828714.EUR","LU0348767384.USD","01024","LU0348766576.USD","LU1251922891.USD","LU1720050803.USD","LU2097828805.USD","BK1608","81024","LU1770034418.SGD"],"gpt_icon":0},{"id":"2484166325","title":"Kuaishou Technology Q3 Revenue RMB 31,131 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2484166325","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484166325?lang=en_us&edition=fundamental","pubTime":"2024-11-20 16:32","pubTimestamp":1732091564,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241120:nPLX3BFBAD:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU0348767384.USD","81024","LU1770034418.SGD","BK1591","LU0348766576.USD","LU1251922891.USD","BK1575","LU2097828474.EUR","LU1794554557.SGD","LU1720050803.USD","LU2097828714.EUR","LU2097828805.USD","LU1303224171.USD","BK1608","01024","LU2097828557.USD","BK1610","BK1590","LU1719994722.HKD","LU2097828631.EUR","BK1095"],"gpt_icon":0},{"id":"2475601522","title":"Kuaishou Technology's 3Q Revenue Likely Supported by Ads, E-Commerce -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2475601522","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475601522?lang=en_us&edition=fundamental","pubTime":"2024-10-16 13:21","pubTimestamp":1729056060,"startTime":"0","endTime":"0","summary":"0521 GMT - Kuaishou Technology's 3Q revenue could rise 11% on year, supported by its advertising and e-commerce businesses, while its livestreaming segment will likely continue to weigh, Citi analysts say in a research note. The Chinese short-video company's gross merchandise value could stabilize in 3Q at 15% on year, driving 17% growth on both e-commerce commission and e-commerce ads, they say. Declines in livestreaming revenues could narrow in 2H due to more content offered and ecosystem improvement, they say. Into 4Q, Kuaishou will likely strengthen influencers' livestreaming e-commerce and content to better compete during China's November shopping festival, they add. Citi maintains a buy call on Kuaishou with an unchanged target of HK$67.00. Shares are last at HK$47.00.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["01024"],"gpt_icon":1},{"id":"2468919691","title":"Market Chatter: DCM Ventures to Offload Remaining Stake in Kuaishou Technology for $479 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2468919691","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468919691?lang=en_us&edition=fundamental","pubTime":"2024-09-20 15:17","pubTimestamp":1726816679,"startTime":"0","endTime":"0","summary":"Silicon Valley-based DCM Ventures is planning to exit video-sharing platform Kuaishou Technology  through a $479 million stake sale, Reuters reported Thursday, citing a term sheet seen by the news agency.The venture capital plans to sell its remaining 91.66 million shares in the Chinese firm at a range of HK$40.28 to HK$41.13 per share, the report said.The shares account for 2.1% of Kuaishou's outstanding shares, according to Reuters.Morgan Stanley is reportedly the sole bookrunner for the placement.Shares in Kuaishou fell 1% during Friday's trading.Price : $41.50, Change: $-0.60, Percent Change: -1.43%","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["IE00BZ1G4Q59.USD","LU2357305700.SGD","LU1303224171.USD","LU1719994722.HKD","BK4504","81024","LU2097828805.USD","LU1794554557.SGD","LU0320765646.SGD","01024","BK4581","LU0314104364.USD","LU1720051108.HKD","BK1610","LU0348766576.USD","LU1162221912.USD","BK1095","LU0106831901.USD","BK4127","LU0267386448.USD","BK1590","LU2097828557.USD","LU2097828631.EUR","LU1548497426.USD","LU1720051017.SGD","BK4585","LU2097828714.EUR","BK4534","LU2097828474.EUR","LU1074936037.SGD","LU1989772840.SGD","LU1251922891.USD","LU0348767384.USD","LU1720050803.USD","LU1989772923.USD","LU0971096721.USD","BK4023","LU1668664300.SGD","LU0098860793.USD","BK1575","LU1363072403.SGD","BK4526","IE00BKVL7J92.USD","BK1608","BK4588","LU0225283273.USD","BK1591","LU1770034418.SGD","HKD"],"gpt_icon":1},{"id":"1115031646","title":"Stock Track | Kuaishou Shares Soar as Major Investor Offloads Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1115031646","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1115031646?lang=en_us&edition=fundamental","pubTime":"2024-09-19 17:26","pubTimestamp":1726737999,"startTime":"0","endTime":"0","summary":"Shares of Chinese online video company Kuaishou Technology surged more than 6.7% on Wednesday, driven by strong investor demand as a major shareholder announced plans to sell a significant stake in the company.Venture capital firm DCM is seeking to offload 91.66 million shares in Kuaishou, worth up to $479 million, according to a term sheet seen by Reuters. The offer price range is set between HK$40.28 and HK$41.14 per share, with Morgan Stanley acting as the sole bookrunner for the share sale.T","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["01024"],"gpt_icon":1},{"id":"2468253765","title":"URGENT-DCM to offload US$479 million stake in China's Kuaishou","url":"https://stock-news.laohu8.com/highlight/detail?id=2468253765","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468253765?lang=en_us&edition=fundamental","pubTime":"2024-09-19 17:22","pubTimestamp":1726737772,"startTime":"0","endTime":"0","summary":"By Summer Zhen      HONG KONG, Sept 19  - Venture Capital DCM is seeking to sell 91.66 million shares in Chinese online video company Kuaisohu Technology   , a term sheet seen by Reuters showed on Thursday.   The offer price ranges from HK$40.28 to HK%41.14 per share and the sale is expected to bring up to $479 million.   Morgan Stanley is the sole bookrunner.  ","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1575","LU2097828557.USD","LU2097828714.EUR","LU2097828631.EUR","01024","BK1591","LU1719994722.HKD","BK1095","BK1608","LU1794554557.SGD","LU1770034418.SGD","LU0348767384.USD","BK1610","LU1251922891.USD","LU0348766576.USD","LU1303224171.USD","BK1590","81024","LU2097828805.USD","LU1720050803.USD","LU2097828474.EUR"],"gpt_icon":1},{"id":"2468523159","title":"Dcm Seeks to Sell 91.66 Mln Shares in Chinese Tech Firm Kuaishou Technology  to Cash Out up to $479 Mln- Term Sheet","url":"https://stock-news.laohu8.com/highlight/detail?id=2468523159","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468523159?lang=en_us&edition=fundamental","pubTime":"2024-09-19 17:13","pubTimestamp":1726737184,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240919:nL4N3L10R4:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU1303224171.USD","BK1095","01024","BK1610","BK1590","LU1719994722.HKD","LU2097828474.EUR","LU0348766576.USD","LU0348767384.USD","LU2097828714.EUR","LU1251922891.USD","BK1608","81024","LU1794554557.SGD","BK1591","LU2097828557.USD","LU1770034418.SGD","LU1720050803.USD","BK1575","LU2097828805.USD","LU2097828631.EUR"],"gpt_icon":0},{"id":"2468339364","title":"Kuaishou May Further Narrow Losses -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2468339364","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468339364?lang=en_us&edition=fundamental","pubTime":"2024-09-17 17:12","pubTimestamp":1726564320,"startTime":"0","endTime":"0","summary":"0912 GMT - Kuaishou Technology's losses for its overseas and local-service businesses are likely to further narrow, Daiwa analysts write in a note. The Chinese tech company aims to achieve breakeven for its overseas business by end-2024, thanks to growing advertising revenue and more controlled spending, they add. In terms of local services, the company is planning differentiated offerings based on user profiles, they note. Kuaishou is also set to expand its local-service business scale in the future, Daiwa says. The brokerage reaffirms its buy rating on with a target price of HK$68.00. Shares closed at HK$40.15. ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU2097828805.USD","BK1590","LU1719994722.HKD","LU1251922891.USD","LU1770034418.SGD","LU2097828474.EUR","BK1591","LU1720050803.USD","LU2097828557.USD","LU2097828631.EUR","LU0348766576.USD","BK1095","LU0348767384.USD","81024","01024","BK1610","LU2097828714.EUR","BK1575","BK1608","LU1303224171.USD","LU1794554557.SGD"],"gpt_icon":1},{"id":"2467861570","title":"Kuaishou's E-Commerce Business to Continue Facing Challenges -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2467861570","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2467861570?lang=en_us&edition=fundamental","pubTime":"2024-09-16 12:27","pubTimestamp":1726460820,"startTime":"0","endTime":"0","summary":"0427 GMT - Kuaishou's e-commerce business will likely continue to face challenges including cautious consumer spending, profitability of merchants and the platform's sustainability, Nomura analysts write in a note. The company's GMV growth fell below 20% on year for the first time in 2Q, they say. Given weak consumption sentiment and fierce competition in the e-commerce industry, the management expects the challenges to continue, the analysts note. But if more key opinion leaders and merchants joined the platform, the company's content and consumer engagement could get a boost, they say. While industry headwinds remain, Kuaishou's e-commerce business looks to have ample room to grow given its low penetration rate compared with rival Douyin. Nomura keeps a neutral rating on the stock. Shares are last at HK$39.10. 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