Kuaishou Technology Ordinary Shares - Class B

01024: XHKG (HKG)
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Kuaishou Earnings: Cutting Fair Value by 50% as Core Platform Loses Momentum Amid Kling Push

Kuaishou reported an in-line second quarter, with revenue growing 1% and operating profit down 29% on heavier investment in Kling, its video-generation artificial intelligence model. The share price is down about 11% after the results and guidance.

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