BRIEF: Kuaishou’s third-quarter profit jumps as AI fuels growth
Short-video platform Kuaishou Technology (1024.HK) reported on Wednesday its revenue rose 14.2% year-on-year to 35.6 billion yuan ($5 billion) in the third quarter, while its profit jumped 37.3% to 4.49…
After 14 years of losses, Zhihu finds an answer to its profitability question
The company, sometimes called the Quora of China, is banking on growth from a new AI tool to improve expert-supplied answers to user questions Key Takeaways: Zhihu reported its first-ever…
BRIEF: CATL gets Chinese regulatory nod for Hong Kong listing
Leading electric-vehicle (EV) battery maker Contemporary Amperex Technology Co. (300750.SZ), or CATL, received a listing approval notice from the China Securities Regulatory Commission (CSRC) on Tuesday — a necessary step…
DouYu swims away from livestreaming in search of fresher waters
The company’s stock jumped 17% after it reported strong progress in moving beyond its legacy livestream gaming business, even as its quarterly loss swelled Key Takeaways: DouYu’s fourth-quarter revenue sank…
NEWS WRAP: DouYu names new CEO, declares massive dividend to entice investors
The livestream gaming platform unveiled new leadership more than a year after the arrest of its CEO, in a bid to overcome challenges on multiple fronts By Teri Yu Online…
FAST NEWS: BlackRock reduces Kuaishou stake to below 5%
The Latest: Asset manager BlackRock disclosed it sold about 7.8 million shares of Kuaishou Technology (1024.HK) on Oct. 24, reducing its stake in the video site from 5.05% to 4.84%, according…
FAST NEWS: Kuaishou punishes anti-Japanese accounts
The Latest: Short-video platform Kuaishou Technology (1024.HK) announced on Saturday that it has penalized more than 90 accounts whose owners posted untrue and harmful information that incited confrontation between China and Japan.…
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