
Kuaishou Technology reported its fourth-quarter revenue growth of 8.7% year-over-year, reaching CNY39.7 billion (approximately USD5.5 billion), slightly below analyst expectations. The company also noted a net profit increase of 10%, amounting to CNY39.7 billion. For the full year, Kuaishou's adjusted net profit surged nearly 73% to CNY17.7 billion (USD2.4 billion), while its total revenue grew 11.8% to CNY126.9 billion (USD17.5 billion). The company's short-video e-commerce gross merchandise value (GMV) saw a significant increase of over 50%. Kuaishou is leveraging its AI model, Kling AI, which has generated over CNY100 million (USD13.8 million) in cumulative revenue, to explore new monetization opportunities and enhance user engagement on its platform.
Kuaishou Doubles Down on Video Generation Large Model as Kling AI Rakes in US$14 Million Revenue 🎥🤖💵 Read More: https://t.co/WNBZebDI8G Kuaishou has set an ambitious goal for Kling AI to become the world's leading revenue-generating video generation AI application.#Kuaishou
Kuaishou’s Kling AI Emerges as Global Leader in Video-Generating AI 🎥🤖🌍 Read More: https://t.co/qKlY0yBtsR #Kuaishou #KlingAI #GenerativeAI #VideoAI #ChinaTech #ArtificialIntelligence #AIGeneration #TechInnovation #BusinessNews #BreakingNews
Elevate your creative projects with Kling AI's elements for image-to-video transitions. Check it out on Medium! #AI #Creativity #VideoProduction https://t.co/rzjyGvs8ej