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Express News | Kuaishou has launched the 'Kelington AI' app.
"Report on the Development of New Profession for Online Anchors": By 2025, the talent gap for live streamers will exceed 19 million.
Hong Kong stocks surged | The network technology stocks extended their gains in the closing session, uncertainty over the USA election eliminated. Institutions say both sector profitability and liquidity expectations are expected to improve.
Network technology stocks extended gains in the afternoon, as of the deadline, Meituan-W (03690) rose by 5.65%, closing at 200 Hong Kong dollars; Kuaishou-W (01024) rose by 2.92%, closing at 52.8 Hong Kong dollars; Tencent (00700) rose by 2.05%, closing at 428.4 Hong Kong dollars; Alibaba-W (09988) rose by 1.69%, closing at 96 Hong Kong dollars.
Express News | ByteDance AI Assistant Douyin starts video generation internal testing.
Express News | Kuaishou announces patent for graphic video.
CICC lowered the target price of Kuaishou (01024.HK) to 67 yuan as e-commerce growth slows down.
Lyon released a report, forecasting that Kuaishou (01024.HK) third-quarter revenue will increase by 11.4% year-on-year to 31.1 billion RMB, and adjusted EBITDA may increase by 24% year-on-year to 3.9 billion RMB. However, due to weak consumer demand and intense competition, it is expected that the e-commerce business will significantly slow down, with GMV potentially growing by only 15% to 334 billion RMB. Lyon stated that as live streaming e-commerce matures, Kuaishou needs to expand shelf e-commerce to boost GMV growth, in order to compete directly with traditional e-commerce platforms, but this move may also reduce future profit margins. Therefore, the long-term profit margin of Kuaishou will be reduced.