Tuesday, November 23, 2021

Kuaishou beats as Q3 revenue rose 33.4% YoY to $3.2B, above $3.15B estimates, with a $1.1B net loss, and Chinese MAUs rose 19.5% YoY to 573M (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Kuaishou beats as Q3 revenue rose 33.4% YoY to $3.2B, above $3.15B estimates, with a $1.1B net loss, and Chinese MAUs rose 19.5% YoY to 573M  —  Kuaishou Technology's revenue increased 33%, defying China's tech crackdown and intensifying competition with ByteDance Ltd.



No comments:

Post a Comment

A deep dive into a global money-laundering ecosystem powered by crypto and messaging apps like WeChat and Telegram, used by drug cartels and criminal groups (Jessica Brice/Bloomberg)

Jessica Brice / Bloomberg : A deep dive into a global money-laundering ecosystem powered by crypto and messaging apps like WeChat and Tel...