Kuaishou Technology released its financial report for the first half of 2024, showing significant growth in both revenue and profit. During the reporting period, Kuaishou achieved revenue of RMB 60.383 billion, a year-on-year increase of 14%, with a gross margin of 55.1%. The profit for the period reached RMB 8.1 billion, a year-on-year increase of 1,238.8%, indicating a significant improvement in the company's profitability. Kuaishou Technology continues to strengthen the application of AI technology to drive platform productivity and user engagement. The company did not distribute any dividends in the six months ending June 30, 2024, and repurchased and cancelled 57,080,700 Class B shares during the reporting period. Kuaishou Technology stated that it will continue to seek new opportunities for business development and investment, and maintain a positive attitude towards future business development.

Kuaishou Technology released its financial report for the first half of 2024, showing significant growth in both revenue and profit. During the reporting period, Kuaishou achieved revenue of RMB 60.383 billion, a year-on-year increase of 14%, with a gross margin of 55.1%. The profit for the period reached RMB 8.1 billion, a year-on-year increase of 1,238.8%, indicating a significant improvement in the company's profitability. Kuaishou Technology continues to strengthen the application of AI technology to drive platform productivity and user engagement. The company did not distribute any dividends in the six months ending June 30, 2024, and repurchased and cancelled 57,080,700 Class B shares during the reporting period. Kuaishou Technology stated that it will continue to seek new opportunities for business development and investment, and maintain a positive attitude towards future business development.