About KUAISHOU-W Company
As a leading content community and social networking platform, Kuaishou's mission is to become the world's most obsessed with creating value for customers. Kuaishou perseveres, focuses on serving customers, and creates value for customers through continuous innovation and optimization of its products and services. At Kuaishou, any user can record and share their lives, present and develop their strengths through short videos and live broadcasts. Through close cooperation with content creators and enterprises, the products and services provided by Kuaishou can meet various needs naturally generated by users, including entertainment, online marketing services, e-commerce, online games, online knowledge sharing, etc.
Kuaishou-W (01024) spent about HK$28.6582 million to repurchase 500,000 shares on December 1
Kuaishou-W (01024) announced that it spent about HK$28.6582 million on December 1, 2023...
[Broker Focus] Societe Generale Securities maintains Kuaishou-W (01024) “buy” rating, e-commerce business continues to grow at a high level
According to the Societe Generale Securities Report, Kuaishou-W (01024) 23Q3 achieved revenue of 27.948 billion yuan (YoY +20.8%), slightly exceeding the unanimous forecast of 27.708 billion yuan, adjusted net profit of 3.173 billion yuan, better than Bloomberg's unanimous estimate of 2.66 billion yuan. The adjusted net loss for the same period last year was 672 million yuan, and the adjusted net interest rate was 11.4%. The results of cost reduction and efficiency were remarkable. 23Q3 waist and long tail experts contributed GMV to overall talent GMV, which gradually increased from over 20% in early 2021 to nearly 50% this quarter; continued to rise
Selected Announcements｜Alibaba Pictures completed the share acquisition of Damai.com; MODERN DENTAL's revenue for the first three quarters increased by about 13% year-on-year to HK$2,363 billion
PhysicsHealth plans to acquire 42.88% of Xinya's shares for HK$115 million to promote the expansion of the medical laboratory testing market; on November 30, Tencent Holdings spent HK$400 million to repurchase 1.24 million shares.
$KUAISHOU-W(01024.HK)$ opened flat at $57.7 as it was rumored to cut off the commercial promotion and investment of third-party micro-drama mini-programs.
As to other techs, $BABA-SW(09988.HK)$$MEITUAN-W(03690.HK)$$JD-SW(09618.HK)$$BIDU-SW(09888.HK)$$BILIBILI-W(09626.HK)$ dropped 0...
$ByteDance(FT0001)$ByteDance announced that its game business unit Nuverse will undergo a large-scale contraction in terms of business scale, which is expected to impact hundreds of employees.
According to Chinese media reports, Sparknexa, a game development company owned by $KUAISHOU-W(01024.HK)$, immediately released recruitment posters welcoming employees from ByteDance's "Nuverse" to join their company....
For techs, $BABA-SW(09988.HK)$ dropped 1.4% at $75. $TENCENT(00700.HK)$ gained 0.5% at $324.4. $MEITUAN-W(03690.HK)$$XIAOMI-W(01810.HK)$$BIDU-SW(09888.HK)$$NTES-S(09999.HK)$ and $KUAISHOU-W(01024.HK)$ lifted 0.6%-1.2%. $JD-SW(09618.HK)$ fell 1.1%...