Kuaishou

Chinese short-video app Kuaishou's Hong Kong stock fell as much as 6% to ~$8, the lowest since November 21, after it was hit by a cyberattack on December 22

Kuaishou reports Q3 revenue up 14% YoY to ~$5B and net profit up 37% YoY to ~$632M, above ~$588M est., driven by ad growth and its Kling AI video generator

Sherry Qin / Wall Street Journal :

Kuaishou reports Q3 revenue up 12.9% YoY to ~$3.2B, beating estimates, and a ~$378M net loss, holding its own against ByteDance and China's slowing economy

Zheping Huang / Bloomberg :

Kuaishou reports Q1 revenue up 24% YoY to ~$3.2B, vs. ~$3.1B est., a ~$939M net loss, down 89% YoY from ~$8.7B, and 346M DAUs, up 17% YoY from 295M

Tracy Qu / South China Morning Post :

Kuaishou reports Q4 revenue of $3.8B, up 35% YoY, with a ~$1B net loss, and MAUs up 21.5% YoY to 578M, as daily time spent per user rose 32% to 118.9 minutes

Zheping Huang / Bloomberg :

Kuaishou beats as Q3 revenue rose 33.4% YoY to $3.2B, above $3.15B estimates, with a $1.1B net loss, and Chinese MAUs rose 19.5% YoY to 573M

Kuaishou Technology's revenue increased 33%, defying China's tech crackdown and intensifying competition with ByteDance Ltd.

Kuaishou reports $3B in Q2 revenue, up 48.8% YoY and beating estimates, as net loss reached $1B; Kuaishou's value has declined by $180B since its Feb. debut

Zheping Huang / Bloomberg :

Baidu reports $4.8B in Q2 revenue, up 20% YoY and beating estimates, and $90M net loss after writing down shares in Kuaishou, which sank 28% across the quarter

- Search giant swung to a loss after marking down Kuaishou stake  — Shares of Baidu fell in pre-market trading in New York

Kuaishou drops by over 15% in Hong Kong as its post-IPO lockup expired, highlighting widening fears about China's crackdown

- Shares plummet 15% after a post-IPO lockup on sales expired  — Selloff underscores nervousness during the online crackdown

China's crackdown on its tech giants wiped a combined $823B off their market value since a Feb. peak, with Tencent, Alibaba, and Kuaishou as the biggest losers