SEHK:1024Interactive Media and Services
Kuaishou (SEHK:1024) Stock Can AI Revenue Outrun A Sharp Profit Squeeze?
Kuaishou Technology stock closed at HK$33.64 on Thursday, capping a tough run with the share price down about 26% over the past three months. Yet the latest earnings headline is not about collapse. It is about a deliberate profit squeeze as Kuaishou pours money into artificial intelligence.
Second quarter revenue came in at RMB 35.5b with group net profit of RMB 3.1b, while research and development spending jumped to RMB 4.6b. The trade off is clear: short term margins are under pressure. The...