Welcome to our dedicated page for Kuaishou Technol news (Ticker: KSHTY), a resource for investors and traders seeking the latest updates and insights on Kuaishou Technol stock.
Kuaishou Technology (KSHTY) operates a leading AI-powered content ecosystem combining short videos, live streaming, and integrated e-commerce solutions. This news hub provides investors and industry observers with essential updates about the company's strategic initiatives and market performance.
Access official press releases and curated analysis covering quarterly earnings, AI technology deployments, and partnership announcements. Our repository tracks developments in recommendation algorithm improvements, content creator programs, and advertising product innovations that drive KSHTY's growth.
Key updates include expansions in commercial ecosystems, advancements in video generation AI models like Kling, and user engagement metrics. The page serves as a centralized resource for understanding how KSHTY balances technological innovation with sustainable monetization strategies across 1 billion+ users.
Bookmark this page for real-time updates on regulatory developments, product launches, and financial disclosures from China's dynamic social commerce leader. Visit regularly to monitor how KSHTY leverages its unique content-to-commerce model in competitive digital markets.
Kuaishou Technology (KSHTY) reported strong financial results for Q4 and full year 2024. In Q4, total revenue increased 8.7% YoY to RMB35.4 billion, with online marketing services contributing 58.3% and live streaming 27.8%. The company's Q4 profit rose 10% to RMB4.0 billion.
For full year 2024, revenue grew 11.8% to RMB126.9 billion, while profit surged 139.8% to RMB15.3 billion. The platform's user base expanded significantly, with average daily active users (DAUs) reaching 401.0 million in Q4, up 4.8% YoY. Total e-commerce GMV increased 14.4% to RMB462.1 billion in Q4.
Notable achievements include the launch of Kling, their AI visual generation model, which has generated over RMB100 million in revenue since monetization began. The company's AI initiatives have enhanced content recommendations and marketing efficiency, with average daily spending on AIGC marketing materials exceeding RMB30 million in Q4 2024.
Kuaishou Technology (Stock Code: 01024/81024) has achieved a significant milestone with its MSCI ESG rating upgrade from 'BBB' to 'A', positioning it as a top performer among peers. The company also earned a 'B' rating on the CDP climate change questionnaire in 2023-2024.
The platform, serving over 700 million users, demonstrates excellence across multiple ESG dimensions:
- Implements green data center operations with innovative cooling systems and renewable energy initiatives
- Maintains robust data security with ISO certifications covering 100% of business operations
- Offers comprehensive employee development through 'Kuaishou Middle School' with nearly 5,000 courses
- Contributes to social welfare with donations exceeding RMB200 million and creation of over 30 million job opportunities
The company's ESG governance is overseen by the Board's Corporate Governance Committee, ensuring sustainable practices and ethical business conduct across operations.
Kuaishou Technology (HKD: 01024 / RMB: 81024), a leading content community and social platform, has scheduled its Q4 and full-year 2024 financial results announcement for March 25, 2025, after the Hong Kong market closes.
The company will host a conference call on the same day at 7:00 PM Beijing Time (7:00 AM U.S. Eastern Time). The call will feature both Chinese and English options, with the English line available in listen-only mode. Pre-registration is required for participation, and registrants will receive dial-in details via email.
A live and archived webcast will be available on Kuaishou's investor relations website, with conference call replays accessible until April 1, 2025.
Kuaishou Technology has been awarded the Award of Excellence in ESG - Category 6 (Newly-listed Companies) at the Hong Kong Corporate Governance and ESG Excellence Awards 2024. The recognition highlights the company's achievements in sustainability, corporate transparency, and stakeholder value creation.
The company demonstrates excellence through its comprehensive ESG governance system, featuring strong oversight in green operations, privacy, and data security. Kuaishou has secured multiple ISO certifications, including ISO 27001, 27701, and 27017, covering all business operations. The platform emphasizes employee development, workplace diversity, and implements measures to protect young users and monitor content creators.
The Hong Kong Corporate Governance and ESG Excellence Awards, established in 2007, recognizes listed companies demonstrating outstanding commitment to corporate governance and ESG practices.
Kuaishou Technology (Stock Code: 01024/81024) announces its inclusion in the Hang Seng Index (HSI), effective December 9, 2024, following Hang Seng Indexes Company's review on November 22, 2024. The company will also join the HSI ESG Enhanced Index and HSI ESG Enhanced Select Index.
This inclusion reflects market recognition of Kuaishou's business performance and growth prospects, potentially enhancing trading liquidity and market valuation. The HSI, a major Hong Kong stock market indicator, selects constituents based on market value, turnover, industry group weighting, and financial performance.
Kuaishou Technology reported strong Q3 2024 results with total revenue increasing 11.4% YoY to RMB31.1 billion. The company achieved record-breaking user metrics with 407.5 million average DAUs (up 5.4% YoY) and 714.1 million MAUs (up 4.3% YoY) on Kuaishou APP. Total e-commerce GMV grew 15.1% to RMB334.2 billion. Profit increased to RMB3.3 billion from RMB2.2 billion YoY, while adjusted net profit rose 24.4% to RMB3.9 billion. Online marketing services revenue grew 20.0% to RMB17.6 billion, while live streaming revenue decreased 3.9% to RMB9.3 billion. The company's AI strategy, including Kling AI 1.5, continues to strengthen its ecosystem.
Kuaishou Technology (Stock Code: 01024/81024) announced it will release its unaudited Q3 and nine-month financial results for the period ended September 30, 2024, after the Hong Kong market closes on November 20, 2024. The company will host a conference call the same day at 8:00 PM Beijing Time to discuss the results. Both Chinese and English conference lines will be available, with the English line in listen-only mode. The call will be accessible via webcast on the company's investor relations website, with replays available until November 27, 2024.
Kuaishou Technology has announced its Q2 and H1 2024 unaudited financial results. For Q2 2024, average DAUs on the Kuaishou App reached 395.3 million (+5.1% YoY) and MAUs were 691.8 million (+2.7% YoY). Total revenue increased by 11.6% YoY to RMB31.0 billion. Gross profit increased by 23.0% to RMB17.1 billion, with a gross profit margin of 55.3%. Adjusted net profit rose to RMB4.7 billion (+74.1% YoY). E-commerce GMV grew by 15.0% to RMB305.3 billion. The company made significant strides in AI technology with its Kling AI and Kolors models gaining acceptance. For H1 2024, DAUs were 394.6 million (+5.2% YoY) and MAUs were 694.6 million (+4.6% YoY). Total revenue rose by 14.0% YoY to RMB60.4 billion and gross profit increased by 29.7% to RMB33.3 billion. The company’s domestic segment showed strong growth, while the overseas segment saw reduced operating losses.
Kuaishou Technology (HKD: 01024 / RMB: 81024), a leading content community and social platform, has announced it will report its unaudited consolidated results for Q2 and H1 2024 on August 20, 2024, after the Hong Kong market closes. The company will host a conference call at 7:00 PM Beijing Time on the same day to discuss the results.
Participants can pre-register for the call, choosing between Chinese and English simultaneous interpretation options. Upon registration, they will receive dial-in details, event passcode, and a unique registrant ID. Live and archived webcasts of the call will be available on Kuaishou's investor relations website. Replays will be accessible until August 27, 2024.
Kuaishou Technology has launched full beta testing of its 'Kling AI' video generation model globally, with significant upgrades to the foundation model. The beta version is now available via web portal in both Chinese and English. Key improvements include:
1. Enhanced video quality with better composition and color tone
2. Improved motion performance with greater movement range and accuracy
3. Extended text-to-video generation duration to 10 seconds
Kuaishou has also introduced a subscription program for mainland China users, offering three tiers: Gold (RMB66/month), Platinum (RMB266/month), and Diamond (RMB666/month). A -time 50% discount is currently available. The company plans to launch international subscriptions soon.
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