Kuaishou reports $3B in Q2 revenue, up 48.8% YoY and beating estimates, as net loss reached $1B; Kuaishou's value has declined by $180B since its Feb. debut (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Kuaishou reports $3B in Q2 revenue, up 48.8% YoY and beating estimates, as net loss reached $1B; Kuaishou's value has declined by $180B since its Feb. debut  —  Kuaishou Technology's revenue beat estimates, defying China's stricter content control and intensifying competition with ByteDance Ltd.