China’s Kuaishou slumps as analysts flag growth pressure despite strong results
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Shares of Kuaishou fell over 13% to HK$45.96 despite reporting strong Q4 revenue growth of 12% year-on-year, raising concerns about its advertising and live-streaming businesses. Analysts predict a slowdown in revenue growth due to heavy AI investments and rising e-commerce subsidies. Huatai Securities forecasts Kuaishou's 2026 revenue growth at 4.5%. The company plans to increase capital expenditure to 26 billion yuan this year to support AI projects, with CEO Cheng Yixiao expecting revenue from Kling AI to double.
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