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27.05.26 - 11:00
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Kuaishou beats estimates as Kling AI video generator′s revenue jumps 300% (SCMP)
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Chinese short-video company Kuaishou Technology beat estimates with 33.7 billion yuan (US$5 billion) in revenue in the first quarter, driven by the rapid commercialisation of its flagship artificial intelligence video generator, Kling AI.
Overall revenue grew 3.4 per cent, but Kling's revenue surged more than 300 per cent to 650 million yuan in the period, the company said on Wednesday.
“AI technologies continued to provide the momentum for our content prosperity, business growth and......
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26.03.26 - 06:30
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China′s Kuaishou slumps as analysts flag growth pressure despite strong results (SCMP)
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Shares of Chinese short-video platform Kuaishou fell more than 13 per cent to HK$45.96 by midday in Hong Kong on Thursday, a day after reporting strong sales growth, as analysts warned that its core advertising and live-streaming businesses could face mounting pressure this year.
The sharp decline reflected investor concerns over a cautious growth outlook for the Beijing-based firm, compounded by its heavy spending on artificial intelligence, according to Zhang Xueru, an analyst at investment......
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14.01.26 - 11:18
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Video-generation boom sees China′s Kling AI post US$240 million in annual revenue run rate (SCMP)
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Generative artificial intelligence service Kling AI in December recorded more than US$20 million in sales, which corresponded to an annualised revenue run rate (ARR) of US$240 million, according to Chinese operator Kuaishou Technology.
That was more than double Kling AI's US$100 million ARR in March last year, according to a statement on Tuesday from Bejing-based Kuaishou.
ARR is a financial metric used to project a company's 12-month revenue by extrapolating earnings from a shorter period, like......
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02.12.25 - 03:30
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Hong Kong stocks head for 2-week high amid upbeat outlook for 2026 (SCMP)
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Hong Kong stocks rose to a two-week high as asset managers and investment banks bet that equities would stretch their decent run into 2026.
The Hang Seng Index climbed 0.8 per cent to 26,244.46 as of 10.08am local time, heading for the highest close since November 17. The Hang Seng Tech Index gained 0.6 per cent.
On the mainland, the CSI 300 Index slipped 0.1 per cent and the Shanghai Composite Index added 0.3 per cent.
Technology stocks led the gains as short-video operator Kuaishou Technology......
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02.10.25 - 04:18
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Hong Kong stocks shoot up on China home sales, tech enthusiasm (SCMP)
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Hong Kong stocks jumped on Thursday after a one-day break, as signs of stabilisation in the property sector and gains in technology firms boosted sentiment.
The Hang Seng Index shot up 1.3 per cent to 27,191.99 as of 9.55am local time. The Hang Seng Tech Index added 2.2 per cent. Mainland stock exchanges are closed for the National Day and Mid-Autumn Festival holidays from Wednesday through October 8.
Technology firms led the rise. Short-video platform Kuaishou Technology soared 8 per cent to......
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21.08.25 - 16:06
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Kuaishou to pay first dividend since Hong Kong IPO as AI tools lift results (SCMP)
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Kuaishou Technology on Thursday declared a special dividend totalling HK$2 billion (US$256 million), marking the first time China's No 2 short video app operator will make such payment since its US$5.4 billion Hong Kong listing in 2021.
The Beijing-based company said it would pay a special dividend of HK$0.46 per share after reporting better-than-expected financial results in the second quarter, driven by gains made from its artificial intelligence tools, according to its filing. Dividend......
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