0332 GMT - Kuaishou Technology will likely continue to face tense competition for live-streaming e-commerce, Nomura analysts Jialong Shi and Rachel Guo say in a research note. ByteDance's Douyin may increase its 2H e-commerce subsidy budget 30% over the amount initially set in early 2024, the analysts say, citing an industry contact. Meanwhile, Tencent's video account is a potential rival that may make a successful entry into the live-streaming e-commerce field, leveraging WeChat's strong traffic, they say. Kuaishou's marketplace e-commerce has a long way to go given the significant gap with market leaders in terms of product variety and supply chain, they say. Nomura expects Kuaishou's e-commerce GMV to grow 17% and 10% in 2024 and 2025, respectively. Shares are last at HK$39.65. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
August 21, 2024 23:32 ET (03:32 GMT)
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