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Real-time News
Kuaishou (01024.HK): In the fourth quarter of 2025, the GMV of its e-commerce business increased by 12.9% year-on-year to RMB 521.8 billion.Kuaishou (01024.HK): In the fourth quarter of 2025, the online marketing service expenditure brought by AIGC marketing materials reached RMB 4 billion.On March 25th, Kuaishou (01024.HK) announced in Hong Kong that in the fourth quarter of 2025, the average daily active users of the Kuaishou app reached 407.7 million, representing steady year-on-year growth. Total revenue increased by 11.8% year-on-year to RMB 39.6 billion, of which core business revenue, including online marketing services and other services mainly focused on e-commerce, increased by 17.1% year-on-year. Adjusted net profit for the fourth quarter of 2025 reached RMB 5.5 billion. For the full year of 2025, the average daily active users of the Kuaishou app reached 410.2 million, total revenue increased by 12.5% year-on-year to RMB 142.8 billion, and adjusted net profit for the full year reached RMB 20.6 billion, representing a year-on-year increase of 16.5%, with an adjusted net profit margin of 14.5%. While increasing investment in AI, we still achieved a steady improvement in the Groups overall profitability, and AI capabilities have become the core engine driving Kuaishous long-term growth.US space-related stocks rose in pre-market trading, with DXYZ surging nearly 15%, Rocket Lab, AST SpaceMobile, Redwire, and Planet Labs all rising more than 3%, and Destiny Tech 100 climbing 17.7%, following reports that SpaceX may file for IPO as early as this week.March 25th - Hong Kong stocks continued yesterdays upward trend, with the Hang Seng Index rising over 300 points at one point, driven by strong performance from blue-chip stocks. The Hang Seng Index opened 216 points higher at 25280, filling all the gaps from Mondays decline and rising above its annual moving average. The market initially rallied strongly, rising as much as 326 points to a high of 25390, but selling pressure increased, significantly narrowing gains near midday. In the afternoon, it softened, falling as much as 48 points to a low of 25015, before recovering and stabilizing thanks to a surge in tech stocks driven by positive news from mainland China. At the close, the Hang Seng Index rose 1.09%, the Tech Index rose 1.91%, and the total turnover of the Hang Seng Index was HK$350.93 billion. On the market, optical communication, electronic components, and green electricity concept stocks led the gains, while film and television and agricultural stocks rebounded, and precious metals and non-alcoholic beverage stocks continued yesterdays strong performance. New consumption concept stocks fluctuated and retreated, while gaming, real estate, and highway transportation stocks fell sharply, and oil and gas production and coal stocks corrected. In terms of individual stocks, Meituan (03690.HK) rose nearly 14%, Nongfu Spring (09633.HK) rose over 9%, and JD.com (09618.HK) and Alibaba (09988.HK) both rose over 4%; Pop Mart (09992.HK) fell over 22.5%, and Haidilao (06862.HK) fell over 11%.
