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Is the bear market for Chinese concept stocks coming to an end?
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KUAISHOU Manifests Profit in 1Q; CEO Gives out Laisee to Staff

In the first quarter of this year, $KUAISHOU-W (01024.HK)$ manifested the first overall profit at the group level since its listing, said the Founder and CEO Cheng Yixiao as the company celebrates its 12th anniversary this year. The user scale has also touched a new high, with all business segments faring well, which is another milestone in the development process.

Cheng gave out "profitable laisee" to employees during the occasion, and also pointed out that in the future, new functions will be unrolled continuously, community content will be enriched, new usage scenarios will be enhanced, and the relationship between people and products, people and content, and people and services will be optimized.
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