AI IntegrationKuaishou is making solid progress on the AI front, including the launch of OneRec, an AI recommendation model that improved user time spent and retention rates.
Financial PerformanceKuaishou reported total revenue up by 13% YoY to RMB35.0bn and adjusted net profit grew by 20% YoY to RMB5.6bn, driven by solid e-commerce business and better-than-expected AI monetization.
Shareholder ReturnsThe company declared a special dividend of HK$0.46 per share and will continue to give back to shareholders through dividend and share repurchases.