GJKUASO@EC2702A

$KUAISHOU-W(01024.HK)$BILIBILI-W(09626.HK)

🚨 Tencent Sold - But Kuaishou & Bilibili Are Fine! Here’s Why

Are Kuaishou and Bilibili in trouble after Tencent trimmed its stakes? The short answer is absolutely not. ✅

The market reacted with short-term anxiety. Their latest earnings tell a very different story.

These divestments are secondary-market transactions. Zero cash changes hands at the company level and founders keep full operational control. 🤝

Why They Remain Strong:

✅ Partnerships Unchanged:

Core collaborations - advertising, cloud, gaming and payments are completely unaffected.

Tencent even recently backed Kuaishou’s AI unit, Kling AI! 🤖

✅ Financially Independent & Solid:

Both are profitable, cash-positive and self-sustaining:

• Kuaishou: Q2 revenue RMB 35.5B, profit RMB 3.1B, liquidity RMB 62.3B 💰

• Bilibili: Liquidity RMB 24.3B, Q1 adjusted profit +62% YoY 📈

Short-term sentiment and share supply may pressure prices but realistically and operationally nothing has changed.

These are mature, self-sustaining businesses.

Don’t let market noise overshadow strong fundamentals! 📊

See the real numbers in the infographic below 👇

Not financial advice. Please do your own DD😉.

$KUAISHOU-W(01024.HK)

There are so much information flying around Kuaishou results now. let’s cut to the key points!

Kuaishou Technology’s Q2 2026 earnings delivered a slight beat vs analyst expectations.

Total revenue reached RMB 35.5 billion, up 1.4% year-on-year, with both operating profit and adjusted EPS coming in ahead of forecasts. 🎯

Kling AI was the clear star, The revenue surged over 200% YoY, topping RMB 850 million, driven by breakthroughs like native 4K video output and Kling 3.0 Turbo.

Monthly active users also grew strongly, up 11.5% to 797.3 million! 🤖

R&D investment jumped 34.7% to RMB 4.6 billion to fuel AI growth, while the domestic business remained solidly profitable at RMB 3.7 billion.

For the full breakdown of revenue drivers, profitability, and market comparisons, please read our two infographics for all the details! 👇

Not financial advice. Do your own DD.

Today is Kuaishou earnings. I will be watching closely as I hold it through the HST ETF. I believe a good result will set the mood for Hang Seng Tech tomorrow. 🧐

It will also support Alibaba shares price before its earning due tomorrow HK market closed.

Beside this, metals close RED yesterday .Market is selling down due to recent higher bond yield (German, US and Japan). Do prepare for roller coaster ride if those rates stay longer than expected.

Key important matter to take note this week: Fed meeting minutes this Wednesday before Jackson Hole Economic Policy symposium,27-29 August.

Kevin Warsh will be addressing the symposium as the Chair of the Federal Reserve for his first time. His speech will be closely scrutinised for clues on the rate outlook.

Another crucial event will be the sale of 20-year government bonds this week. It will test investor appetite for long-term debt following a few record-breaking auctions.

(The recent US Treasury were sold at $25 billion, 30-year bonds at a yield of 5.216%. )

HK stocks I will monitor closely:

Tuesday : Xiao mi (1810), Baidu (9888),Fu Yao(3606)

Wednesday : Kuai Shou (1024)

Thursday : Alibaba (9988), Ping Ann (2318)

Tencent traded well friday as China tech sentiment warmed up across HK. the Kuaishou Kling AI video raise at an $18B valuation is a reminder there's real AI value hiding in the China names nobody's pricing. i hold Tencent as my core China exposure, games plus fintech plus a giant AI portfolio. adding nothing here, just glad the complex is finally waking up.

Kuaishou core revenue only +3% but Kling AI +300%. the base business is mature but the AI product is growing fast enough to shift the revenue mix. if Kling can compound to USD 2B+ ARR by 2027, the valuation argument on 1024.HK looks completely different. that's the bet 🧠

Kuaishou Q1: overall revenue +3%, Kling AI +300%, annualized ARR approaching USD 500M. this is the classic "mature core, high-growth satellite" structure. the short video business funds the AI moonshot while the market prices in the old multiple. the investment question is whether Kling can scale internationally against Sora and Runway — domestic competition is fierce too. it's a fascinating risk-reward setup if you believe Chinese AI products can break out globally.

Kling AI going from zero to near USD 500M annualised ARR while nobody was watching. Chinese generative AI is not just catching up, it's monetising at a speed that's genuinely surprising. adding 1024.HK to my watchlist tonight 🧧

I've been dismissing Kuaishou as a slow-growth short-video also-ran for a year and they quietly built an AI video product doing USD 500M ARR. I was very wrong, lah 😶‍🌫️