Tech News
Kuaishou reports Q4 revenue of $3.8B, up 35% YoY, with a ~$1B net loss, and MAUs up 21.5% YoY to 578M, as daily time spent per user rose 32% to 118.9 minutes (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg:
Kuaishou reports Q4 revenue of $3.8B, up 35% YoY, with a ~$1B net loss, and MAUs up 21.5% YoY to 578M, as daily time spent per user rose 32% to 118.9 minutes— Kuaishou Technology’s revenue beat estimates, defying China’s economic slowdown despite intensifying competition with TikTok-owner ByteDance Ltd.
