Kuaishou Technology Ordinary Shares - Class B

01024: XHKG (HKG)
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Kuaishou Earnings: Advertising Revenue Benefiting From AI Tailwinds; Shares Undervalued

Kuaishou posted 13% year-on-year revenue growth in the second quarter, with recurring operating profit up 35%. Its video AI generator, Kling, grew revenue by over 70% sequentially. Management also announced its first special dividend of HKD 2 billion, representing a 36% payout for the quarter.

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