Kuaishou Technology Reports Remarkable Growth

Kuaishou Technology Class B (HK:1024) has released an update.

Kuaishou Technology has reported a significant year-over-year financial growth for the first half of 2024, with revenues and profits soaring by 14% and over 1200%, respectively. The robust financial performance is highlighted by substantial increases in gross profit and adjusted EBITDA, demonstrating the company’s expanding profitability and operational efficiency. This positive trend is reflected across both domestic and overseas segments, indicating Kuaishou’s strengthening market position.

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