Kuaishou

Kuaishou Technology Announces Second Quarter and Interim 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, August 22, 2023

HONG KONG, Aug. 22, 2023 /PRNewswire/ -- Kuaishou Technology (HK Counter:01024/RMB Counter: 81024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated results for the three months ("Second Quarter") and six months ("Interim") ended June 30, 2023.

Key Points: 
  • HONG KONG, Aug. 22, 2023 /PRNewswire/ -- Kuaishou Technology (HK Counter:01024/RMB Counter: 81024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated results for the three months ("Second Quarter") and six months ("Interim") ended June 30, 2023.
  • Gross profit margin in the second quarter of 2023 was 50.2%, improving from 45.0% for the same period of 2022.
  • Average daily time spent per DAU on the Kuaishou App was 117.2 minutes in the second quarter of 2023.
  • In addition, in the second quarter of 2023, average daily interactions (including likes, comments, and reposts) on the Kuaishou App reached 8 billion.

Tapping into Brazil's Social Commerce Goldmine: 18.1% CAGR Forecasted by 2028

Retrieved on: 
Friday, July 21, 2023

The social commerce industry in Brazil is set to experience substantial growth, with an expected annual increase of 31.5%, reaching US$2,563.6 million in 2023.

Key Points: 
  • The social commerce industry in Brazil is set to experience substantial growth, with an expected annual increase of 31.5%, reaching US$2,563.6 million in 2023.
  • The rise in disposable income and widespread smartphone usage has led to a surge in social commerce in Brazil.
  • This trend has attracted global firms, including Meta and TikTok, to expand their presence in the Brazilian social commerce sector.
  • This report provides in-depth, data-centric analysis of social commerce in Brazil, covering the following market segments:
    Brazil Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
    Brazil Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
    Brazil Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2019-2028

UN Inclusive Lifelong Learning Conference: Kuaishou shared a digital innovation pathway for lifelong learning

Retrieved on: 
Friday, July 7, 2023

JAKARTA, Indonesia, July 7, 2023 /PRNewswire/ -- With the advent of the digital age, the threshold for lifelong learning has been lowered.

Key Points: 
  • JAKARTA, Indonesia, July 7, 2023 /PRNewswire/ -- With the advent of the digital age, the threshold for lifelong learning has been lowered.
  • On July 3, the UNESCO Institute for Lifelong Learning (UIL) held the "2023 Inclusive Lifelong Learning Conference" in Indonesia.
  • Kuaishou was invited as a representative of Chinese enterprises to share its innovations, explorations, and practices in adult learning and education from a lifelong learning perspective.
  • As a live short video platform, Kuaishou will also continue to fully support lifelong learning for the elderly in the future from various aspects such as inclusion, innovation, and cooperation.

UN Inclusive Lifelong Learning Conference: Kuaishou shared a digital innovation pathway for lifelong learning

Retrieved on: 
Friday, July 7, 2023

JAKARTA, Indonesia, July 6, 2023 /PRNewswire/ -- With the advent of the digital age, the threshold for lifelong learning has been lowered.

Key Points: 
  • JAKARTA, Indonesia, July 6, 2023 /PRNewswire/ -- With the advent of the digital age, the threshold for lifelong learning has been lowered.
  • On July 3, the UNESCO Institute for Lifelong Learning (UIL) held the "2023 Inclusive Lifelong Learning Conference" in Indonesia.
  • Kuaishou was invited as a representative of Chinese enterprises to share its innovations, explorations, and practices in adult learning and education from a lifelong learning perspective.
  • As a live short video platform, Kuaishou will also continue to fully support lifelong learning for the elderly in the future from various aspects such as inclusion, innovation, and cooperation.

WUDASHU Founder Wu Nan Highlights Key Factors in Surge of Chinese Domestic Brands

Retrieved on: 
Wednesday, June 21, 2023

WUDASHU, found by Wu Nan, has been recognized as a leader at the China Industry Impact Brand Summit, where the recent developments in Chinese branding were discussed.

Key Points: 
  • WUDASHU, found by Wu Nan, has been recognized as a leader at the China Industry Impact Brand Summit, where the recent developments in Chinese branding were discussed.
  • Wu Nan points out that with the polarization of Chinese consumers, many Chinese retailers are increasingly excelling in this area.
  • Regarding the current Chinese domestic brand market, Wu Nan suggests that we can analyze it from three aspects: retailers, consumers, and suppliers.
  • Past Chinese retailers often made mistakes when developing their own brands, such as inconsistent product quality or unclear product positioning, causing consumers to distrust these brands.

Kuaishou Technology Announces First Quarter 2023 Unaudited Financial Results

Retrieved on: 
Monday, May 22, 2023

HONG KONG, May 22, 2023 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated first quarterly results for the three months ended March 31, 2023.

Key Points: 
  • HONG KONG, May 22, 2023 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated first quarterly results for the three months ended March 31, 2023.
  • Gross profit margin in the first quarter of 2023 was 46.4%, improving from 41.7% for the same period of 2022.
  • Mr. Cheng Yixiao, Co-founder and Chief Executive Officer of Kuaishou said, "We delivered strong results in the first quarter of 2023 with positive adjusted net profit at the group level for the first time since our listing.
  • By the end of the first quarter of 2023, pairs of mutual followers on the Kuaishou App reached a cumulative 29.6 billion, representing a 57.6% growth year-over-year.

Kuaishou Technology Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, March 29, 2023

HONG KONG, March 29, 2023 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2022.

Key Points: 
  • HONG KONG, March 29, 2023 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2022.
  • Gross profit margin in the fourth quarter of 2022 was 45.5%, improving from 41.5% for the same period of 2021.
  • We also set new records in the average DAUs and MAUs on Kuaishou App, as well as average daily time spent per DAU in the fourth quarter of 2022.
  • In the fourth quarter of 2022, average daily resume submissions on Kwai Hire (快聘) more than doubled compared with the first quarter of 2022.

NVIDIA Launches Inference Platforms for Large Language Models and Generative AI Workloads

Retrieved on: 
Tuesday, March 21, 2023

Each platform is optimized for in-demand workloads, including AI video, image generation, large language model deployment and recommender inference.

Key Points: 
  • Each platform is optimized for in-demand workloads, including AI video, image generation, large language model deployment and recommender inference.
  • “The rise of generative AI is requiring more powerful inference computing platforms,” said Jensen Huang, founder and CEO of NVIDIA.
  • With NVIDIA AI Enterprise, customers receive NVIDIA Enterprise Support, regular security reviews and API stability for NVIDIA Triton Inference Server, TensorRT and more than 50 pretrained models and frameworks.
  • Hands-on labs for trying the NVIDIA inference platform for generative AI are available immediately at no cost on NVIDIA LaunchPad .

Color Star Enters Into Strategic Cooperation Agreement With Detok, a Social Sharing Platform for Short-Form Videos

Retrieved on: 
Tuesday, January 17, 2023

Ltd. ("Color Metaverse"), has entered into a strategic cooperation framework agreement with short-video sharing platform, Le Shua ("Detok").

Key Points: 
  • Ltd. ("Color Metaverse"), has entered into a strategic cooperation framework agreement with short-video sharing platform, Le Shua ("Detok").
  • This makes it possible to administer and distribute copyrights, creating a video NFT platform where you can make money through your videos.
  • It is worth mentioning that Detok already has millions of users, and Color Star's metaverse platform, ColorWorld Metaverse, may provide Detok with potential new users.
  • Farhan, CEO of Color Star, said: "Color Star has been constantly researching and developing in the fields of electronic commerce  in recent years.

Kuaishou Technology Announces Third Quarter 2022 Unaudited Financial Results

Retrieved on: 
Tuesday, November 22, 2022

HONG KONG, Nov. 22, 2022 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated results for the three months ("Third Quarter") ended September 30, 2022.

Key Points: 
  • HONG KONG, Nov. 22, 2022 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated results for the three months ("Third Quarter") ended September 30, 2022.
  • Gross profit margin in the third quarter of 2022 was 46.3%, improving from 45.0% and 41.5% in the second quarter of 2022 and third quarter of 2021 respectively.
  • In the third quarter of 2022, average DAUs on Kuaishou App increased by 13.4% year-over-year to a record high of 363.4 million.
  • As such, the number of active streamers managed by talent agencies more than tripled year-over-year in the third quarter of 2022.