E-commerce GrowthKuaishou's shelf-based ecommerce performed well, with orders and paying users increasing by 65% and 57% year-over-year.
Financial PerformanceAdjusted net profit grew by 74% YoY to RMB4.7bn, 8% ahead of consensus estimate thanks to better-than-expected cost optimization and opex control.
Technological AdvancementsKuaishou's proactive upgrade in technology and operations will help to cushion the impact of a challenging macro backdrop and intense competition.