KUAISHOU TECH UNSP/ADR - KSHTY STOCK NEWS

Kuaishou Technology announced its fourth quarter and full year 2021 results, showing impressive growth across key metrics. In Q4 2021, average DAUs reached 323.3 million (+19.2%), while total revenue rose 35.0% to RMB24.4 billion. Full year revenue increased by 37.9% to RMB81.1 billion, with online marketing services growing 95.2%. The company’s e-commerce GMV grew 78.4% to RMB680.0 billion. Kuaishou's restructuring efforts enhanced operational efficiency, leading to improved monetization capabilities. The outlook remains positive as the company aims for sustainable growth and enhanced user engagement.

Kuaishou Technology, a top social platform, will disclose its unaudited fourth quarter results for the period ending December 31, 2021, and audited results for the full year 2021 on March 29, 2022, after Hong Kong market closes.

A conference call will follow at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss these results. Participants must pre-register for the call, with options for Chinese and English interpretations available. Recorded webcasts and replays will be accessible on Kuaishou's investor relations website.

Kuaishou Technology released its inaugural Transparency Report for international apps Kwai and SnackVideo, detailing safety efforts from July to December 2021. Over 12 million videos were removed during this period. The report highlights successful campaigns to combat COVID-19 misinformation, particularly in Indonesia and Brazil. Since its IPO in 2021, the company has gained millions of users across various regions, contributing to its 1 billion monthly active users. The report aims to increase awareness of safety measures and is set to be published bi-annually.

Kuaishou, a leading social platform, has entered a global licensing agreement with AMRA, enhancing its applications, Kwai and SnackVideo, with performance and mechanical rights to a diverse musical repertoire. This partnership aims to differentiate Kuaishou by offering significant value to global content creators. With over 1 billion users, Kuaishou has seen a 225% increase in user engagement since 2019. The collaboration is expected to bolster Kuaishou's international growth and provide additional royalty collection opportunities for AMRA's songwriter clients.

Kuaishou Technology has appointed Mr. Jin Bing as the new Chief Financial Officer, effective immediately, following the retirement of Mr. Chong Nicholas Yik Kay, who takes a senior advisory role for two years. Mr. Jin, with extensive experience in financial management and investment banking, previously served as CFO at Joyy Inc. and Zuoyebang. The leadership change aims to strengthen Kuaishou's financial operations as the company continues to innovate and serve customers across its content community and social platform.

Kuaishou Technology, a leading social platform, reported strong growth in its unaudited results for Q3 2021. Average Daily Active Users (DAUs) rose 17.9% to 320.4 million, while Monthly Active Users (MAUs) climbed 19.5% to 572.9 million. Total revenue increased by 33.4% to RMB20.5 billion, driven by a 76.5% rise in online marketing services revenue to RMB10.9 billion. E-commerce GMV reached RMB175.8 billion, up 86.1% year-over-year. The company has restructured its organization to enhance efficiency and resource utilization.

Kuaishou Technology will report its unaudited consolidated third quarter results for the three and nine months ending September 30, 2021, after the Hong Kong market closes on November 23, 2021. Management will host a conference call on the same date at 8:00 PM Beijing Time (7:00 AM U.S. Eastern Time) to discuss the results. Participants can pre-register for the call in either Chinese or English, with replays available until November 30, 2021.

For more details, visit Kuaishou's investor relations website.

Kuaishou Technology announced a management shift on October 29, 2021. Co-founder Mr. Cheng Yixiao has been appointed CEO, succeeding co-founder Mr. Su Hua, who continues as Chairman of the Board. This change aims to enhance organizational efficiency and aligns with the requirements of the Hong Kong Stock Exchange. Cheng Yixiao will oversee day-to-day operations, while Su Hua will focus on long-term strategy and new initiatives. This adjustment follows a broader organizational restructuring announced on September 28, 2021, aimed at transforming the company’s operational structure.

Warner Music Group (WMG) has partnered with Kuaishou, a Chinese short-form video platform, to license its music for Kuaishou's international apps, including Kwai and SnackVideo. This collaboration allows WMG to expand its artist reach to Kuaishou's user base, which has surpassed 1 billion globally. Kuaishou's monthly active users outside China exceed 180 million, making it a prominent platform in Latin America and Southeast Asia. The deal signifies WMG's strategic growth in the digital music space and enhances Kuaishou's commitment to offering diverse content.