KUAISHOU-W fell 4% in early trading and was fined nearly 120 million yuan by the Beijing Internet Information Office

AASTOCKS
2026.02.09 02:16

KUAISHOU (01024.HK) stock price fell 4% in the morning session, reporting HKD 68.4.

The stock saw large sell orders in the morning session, involving 117,800 shares at a price of HKD 68.7 per share, totaling HKD 809 million. The company was previously warned and fined nearly RMB 120 million by the Beijing Cyberspace Administration due to a large amount of pornographic and vulgar content live streaming on the KUAISHOU platform. Authorities also ordered the company to rectify within a specified period, handle accounts according to the law, and strictly deal with responsible persons.

KUAISHOU had also reached a cooperation with China Central Television for the "2026 Spring Festival Gala," allowing users to make advance reservations for the Year of the Horse CCTV Spring Festival Gala live broadcast

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