KUAISHOU TECH UNSP/ADR - KSHTY STOCK NEWS

Kuaishou Technology (Stock Code: 01024/81024) announces its inclusion in the Hang Seng Index (HSI), effective December 9, 2024, following Hang Seng Indexes Company's review on November 22, 2024. The company will also join the HSI ESG Enhanced Index and HSI ESG Enhanced Select Index.

This inclusion reflects market recognition of Kuaishou's business performance and growth prospects, potentially enhancing trading liquidity and market valuation. The HSI, a major Hong Kong stock market indicator, selects constituents based on market value, turnover, industry group weighting, and financial performance.

Kuaishou Technology reported strong Q3 2024 results with total revenue increasing 11.4% YoY to RMB31.1 billion. The company achieved record-breaking user metrics with 407.5 million average DAUs (up 5.4% YoY) and 714.1 million MAUs (up 4.3% YoY) on Kuaishou APP. Total e-commerce GMV grew 15.1% to RMB334.2 billion. Profit increased to RMB3.3 billion from RMB2.2 billion YoY, while adjusted net profit rose 24.4% to RMB3.9 billion. Online marketing services revenue grew 20.0% to RMB17.6 billion, while live streaming revenue decreased 3.9% to RMB9.3 billion. The company's AI strategy, including Kling AI 1.5, continues to strengthen its ecosystem.

Kuaishou Technology (Stock Code: 01024/81024) announced it will release its unaudited Q3 and nine-month financial results for the period ended September 30, 2024, after the Hong Kong market closes on November 20, 2024. The company will host a conference call the same day at 8:00 PM Beijing Time to discuss the results. Both Chinese and English conference lines will be available, with the English line in listen-only mode. The call will be accessible via webcast on the company's investor relations website, with replays available until November 27, 2024.

Kuaishou Technology has announced its Q2 and H1 2024 unaudited financial results. For Q2 2024, average DAUs on the Kuaishou App reached 395.3 million (+5.1% YoY) and MAUs were 691.8 million (+2.7% YoY). Total revenue increased by 11.6% YoY to RMB31.0 billion. Gross profit increased by 23.0% to RMB17.1 billion, with a gross profit margin of 55.3%. Adjusted net profit rose to RMB4.7 billion (+74.1% YoY). E-commerce GMV grew by 15.0% to RMB305.3 billion. The company made significant strides in AI technology with its Kling AI and Kolors models gaining acceptance. For H1 2024, DAUs were 394.6 million (+5.2% YoY) and MAUs were 694.6 million (+4.6% YoY). Total revenue rose by 14.0% YoY to RMB60.4 billion and gross profit increased by 29.7% to RMB33.3 billion. The company’s domestic segment showed strong growth, while the overseas segment saw reduced operating losses.

Kuaishou Technology (HKD: 01024 / RMB: 81024), a leading content community and social platform, has announced it will report its unaudited consolidated results for Q2 and H1 2024 on August 20, 2024, after the Hong Kong market closes. The company will host a conference call at 7:00 PM Beijing Time on the same day to discuss the results.

Participants can pre-register for the call, choosing between Chinese and English simultaneous interpretation options. Upon registration, they will receive dial-in details, event passcode, and a unique registrant ID. Live and archived webcasts of the call will be available on Kuaishou's investor relations website. Replays will be accessible until August 27, 2024.

Kuaishou Technology has launched full beta testing of its 'Kling AI' video generation model globally, with significant upgrades to the foundation model. The beta version is now available via web portal in both Chinese and English. Key improvements include:

1. Enhanced video quality with better composition and color tone
2. Improved motion performance with greater movement range and accuracy
3. Extended text-to-video generation duration to 10 seconds

Kuaishou has also introduced a subscription program for mainland China users, offering three tiers: Gold (RMB66/month), Platinum (RMB266/month), and Diamond (RMB666/month). A -time 50% discount is currently available. The company plans to launch international subscriptions soon.

Kuaishou Technology has introduced its latest AI models at the 2024 World Artificial Intelligence Conference. The new models include Kling, for video generation, and Kolors, for image generation. Kling's new features, such as start and end frame control and extended video duration, aim to enhance user experience. Over 500,000 users have joined Kling's beta testing, producing 7 million videos. Kolors has been open-sourced to foster community development and stands out in the text-to-image model domain with high scores in semantic understanding and visual quality. Kuaishou's commitment to AI innovation is underscored by notable increases in active AIGC users, GMV, and advertising revenue. Collaboration with the China Computer Federation aims to further AI research and development.

Kuaishou Technology has secured on-demand and short video rights for the Paris 2024 Summer Olympics via a licensing agreement with China Media Group. As a rights-holding broadcaster, Kuaishou will offer its 700 million users comprehensive event coverage and interactive experiences. The platform aims to capitalize on its extensive experience with major sports events, including past Olympics and the NBA. In 2023, Kuaishou engaged nearly 200 million users with sports content and saw a notable increase in sports-related product purchases. For the Paris 2024 Olympics, Kuaishou plans to integrate advanced technology and innovative features to enhance user engagement and commercial opportunities.

Kuaishou Technology has launched its new video generation model, Kling, capable of creating AI-generated videos that replicate complex spatiotemporal motions and physical world characteristics. Kling, built on diffusion-based transformer architecture, can generate videos up to two minutes long with 1080p resolution at 30fps. The model utilizes a self-developed 3D VAE network for synchronous spatiotemporal compression and a full-attention spatiotemporal modeling module for accurate video data analysis. Kling is currently available for beta testing within Kuaishou's video editing app, KuaiYing.

This launch is part of Kuaishou's broader AI strategy, which includes other models like KwaiYii for language generation and KeTu for text-to-image generation. Kling aims to enhance the AI-powered creation and interactive experiences for Kuaishou's users and creators.