ByteDance Foe Kuaishou Drops as Livestreaming Sinks, Costs Jump

Bloomberg2021-05-25

(Bloomberg) -- Kuaishou Technology shares tumbled after the rival to TikTok-owner ByteDance Ltd. reported a faster decline in its livestreaming business while boosting investments in newer businesses....

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Comments

A68
2021-05-25
A68
Hmm
brandsdssd
2021-05-25
brandsdssd
.
- brandsdssd:
  .
Jack in the Stock
2021-05-25
Jack in the Stock
It drops as quick as it went up.
- brandsdssd:
  .
YeeYen
2021-05-25
YeeYen
Like and comment pls
- JY00:
  Done
Hopehope赋予希望
2021-05-25
Hopehope赋予希望
Glad I caution before to stay out of Kuaishou. See if it hits below IPO price
US_watchlist
2021-05-25
US_watchlist
Good

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The world’s most valuable startup is seeking to boost Chinese ad revenue by more than 40% and triple the size of its e-commerce business this year, according to an internal memo.Results unveiled by the smaller company suggest the competition could be heating up. Kuaishou’s monthly active users expanded slower to 520 million, up from the 495 million users a year earlier. Growth in online advertising sales eased to 161%, versus 170% in the December quarter. Livestreaming revenue fell 20%, accelerating from the 7% decline in the prior quarter, in part because of strict quarantine measures imposed at the start of 2020.The division that includes e-commerce posted the strongest sales growth, rising seven fold, after the firm recorded gross merchandise value of 118.6 billion yuan, more than tripling from the year-earlier period.Kuaishou boosted spending on infrastructure and tools for online shopping during the first quarter as well as in acquiring users overseas. 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It was among 34 leading Chinese internet firms ordered to comply with anti-monopoly rules in April and the company was recently rapped by the cyberspace regulator for its data-collection policies.“At Kuaishou, we believe strongly that one shall have peace of mind when he possesses a piece of land, and one possesses a piece of land when he has peace of mind,” it said Monday. “Starting in the first quarter of 2021, we have put greater emphasis on improving the value of our content creator’s private domain, the place on our platform where all content and products of a creator can be found and where creators build and nurture their 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in the Stock","avatar":"https://community-static.tradeup.com/news/ef3c19f727783ca8030d5aab5b19df10","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3561548364525556","authorIdStr":"3561548364525556"},"htmlText":"It drops as quick as it went up.","listText":"It drops as quick as it went up.","text":"It drops as quick as it went up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138149064","repostId":1145187269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4441422,"gmtCreate":1621921328240,"gmtModify":1680790828818,"authorId":3573522320275090,"author":{"id":3573522320275090,"idStr":"3573522320275090","authorId":3573522320275090,"name":"brandsdssd","avatar":"https://static.tigerbbs.com/8d60877e255e383ff5532758edb01937","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138149064,"type":1,"supId":0,"prevId":0,"content":".","text":".","html":"."}],"langContent":"EN"},{"id":138187611,"gmtCreate":1621917968733,"gmtModify":1704364427554,"author":{"id":"3583571765550095","authorId":"3583571765550095","name":"YeeYen","avatar":"https://static.tigerbbs.com/7fc7a5493cb04486fac45783a2b3e8a6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583571765550095","authorIdStr":"3583571765550095"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138187611","repostId":1145187269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4441469,"gmtCreate":1621921733749,"gmtModify":1680790823760,"authorId":3581568450429470,"author":{"id":3581568450429470,"idStr":"3581568450429470","authorId":3581568450429470,"name":"JY00","avatar":"https://static.tigerbbs.com/b6e17ebb891eb376aff5c7eb5088602f","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138187611,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":138372685,"gmtCreate":1621914155947,"gmtModify":1704364355160,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","vip":2,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":9,"crmLevelSwitch":1,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"htmlText":"Glad I caution before to stay out of Kuaishou. See if it hits below IPO price","listText":"Glad I caution before to stay out of Kuaishou. See if it hits below IPO price","text":"Glad I caution before to stay out of Kuaishou. See if it hits below IPO price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138372685","repostId":1145187269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":138379550,"gmtCreate":1621913679470,"gmtModify":1704364349168,"author":{"id":"3581244873474125","authorId":"3581244873474125","name":"US_watchlist","avatar":"https://static.tigerbbs.com/c45e6bbe1cefb0fecde067a20b3c788f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581244873474125","authorIdStr":"3581244873474125"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138379550","repostId":1145187269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":51,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1145187269"}