0905 GMT - Momentum in Kuaishou Technology's ad revenue for segments other than e-commerce could offer support to revenue growth this year, despite persistent uncertainty over macro and competition, Citi analysts write in a note. The Chinese short-video platform told Citi analysts that e-commerce and ads are likely to outperform the industry, which should help ensure steady earnings growth this year. Kuaishou's e-commerce segment could also benefit from the Chinese government's latest trade-in subsidies, which covers more categories and regions, Citi notes. The bank maintains a buy rating on Kuaishou, citing the stock's undemanding valuation. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
January 13, 2025 04:05 ET (09:05 GMT)
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