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Kuaishou’s Q4 revenue growth slows to 8.7%: report
Kuaishou Technology, a video platform backed by Tencent, has reported its slowest quarterly sales growth since its public listing in 2021.
In Q4 2024, Kuaishou’s revenue rose by 8.7% to 35.4 billion yuan (US$4.9 billion).
This figure was slightly below market expectations of 35.7 billion yuan (US$5 billion).
AI models and AI-generated content have boosted user engagement and marketing spending, which averaged over 30 million yuan (US$4.1 million) daily.
Bloomberg Intelligence analysts note challenges like economic pressures, rising R&D costs, and tougher competition in ecommerce.
Recent Kuaishou developments
| Timeline |
|---|
20-Mar-2025 🎥 Kuaishou’s Kling AI adds DeepSeek for creative video tools
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23-Nov-2021 📈 Kuaishou posts 33% revenue jump in Q3 as active users reach record highs
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06-Aug-2021 📉 Kuaishou shares slide 12% amid Chinese crackdown on internet giants
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04-Aug-2021 📉 Kuaishou pulls the plug on TikTok rival app Zynn
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| 01-Jun-2021 🍜 Kuaishou unveils new WeChat mini program to take on Meituan, Ele.me |
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