BABA up on earnings preview; Xiaomi teases new range-extended SUV｜Daily News RecapJul 8 at 03:31 AMOpenAI00700+4.29%
Tencent cuts Kuaishou stake via block trade; Meituan open-sources 1T-param LLM LongCat-2.0 | Daily News RecapJul 7 at 03:34 AMMU-9.94%03690+2.21%
Kuaishou E-com 'Instant Delivery' Goes Live; TSMC Advanced Foundry Price Hike Rumors Mount | Daily News RecapJun 24 at 03:30 AMTSM-4.50%02015+9.90%
WeChat Pay beta-tests AI payments; SpaceX acquires AI coding tool Cursor in an all-stock deal | Daily News RecapJun 17 at 03:26 AM03690+2.21%MPNGY+4.00%
Brokers' Latest Ratings, TP and Views on KUAISHOU-WAASTOCKS News·May 28 at 12:47 AM01024+1.09%HKUD+0.71%
Kuaishou (Trans): Bullish on Kling outlook; shareholder yield lifted to 4% this yearMay 27 at 08:54 AM01024+1.09%81024+1.43%
Kuaishou 1Q26 First Take: Results were broadly in line; the OP beat was mainly driven by other income unrelated to the core biz., which is not sustainable. 1) Revenue was RMB 33.7bn, up 3.4% YoY. This was slightly above the 2.5% guidance and market expectation. (1) Kolors was the bright spot, with Q1 revenue of RMB 650mn vs. RMB 500mn guided. ARR had reached $500mn as of Mar, and growth continued in Apr–May.Media had reported ARR could reach about $1.3bn by Q1 '27. Progress on a potential spin-off/IPO would have the largest impact on Kuaishou’s valuation, so watch for related disclosure on the call. (2) Growth in ads and commissions slowed, tied to pressure in the e-com biz. From this year, GMV is no longer disclosed; based on e-com revenue trends, take-rate changes and Street expectations, we estimate GMV growth at approx. 10%, a further slowdown vs. last year. 2) The user ecosystem expanded unexpectedly. Q1 user metrics were solid, likely boosted in the short term by CNY campaign programming. DAU rose 1.2% to 413mn, average time spent was said to be stable, but MAU accelerated by 5% (+31mn) to 770mn. These trends differ somewhat from third-party data. Listen for management’s detailed explanation of user growth on the call. 3) GPM fell 400bps QoQ, driven by AI compute investment and ad rev-share for IAA short dramas. Last quarter, management guided FY Capex of RMB 26bn (incl. PP&E and ROU assets), up RMB 11bn YoY, largely for AI with Kolors taking most of the compute. On a 5-yr depreciation schedule, we estimate Capex alone trims FY GPM by roughly 1–2ppt. 4) Higher marketing spend, tighter headcount costs. Q1 S&M rose 4% YoY, mainly on promotion/marketing, while sales employee costs fell 8%. G&A declined 7.5%, reflecting team optimization; R&D grew 10% with a clear deceleration, largely driven by bandwidth/server costs (+18%).$KUAISHOU-W(01024.HK) $KUAISHOU-WR(81024.HK)May 27 at 05:29 AM01024+1.09%81024+1.43%
BEKE rolls out HK buyback shield; Xiaomi faces earnings test tonight | Daily News RecapMay 26 at 03:40 AM03692+3.71%09618+1.69%
Kuaishou Technology Class B (1024) Receives a Buy from UBSTip Ranks·May 12 at 07:16 PMHKUD+0.71%01024+1.09%
Kuaishou to spin off 'Kling' for a standalone listing; Tencent holds the line on social | Daily News RecapMay 12 at 03:31 AMDB+0.31%00700+4.29%
GOOGL issues JPY bonds to fuel the AI race; BABA integrates Qwen with Taobao to double down on smart shopping | Daily News RecapMay 11 at 03:25 AM09988+1.43%BABA-0.14%
Xiaomi Auto data sparks rally; Doubao to launch new paid model | Daily News RecapMay 4 at 03:24 AMHXXD+9.62%GOOG+0.95%
