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Market Chatter: Douyin, Kuaishou Launch AI-Generated Mini Drama Series
Chinese short-video platform operators Douyin and Kuaishou Technology (HKG:1024) launched artificial intelligence-assisted mini drama series, YiCai Global reported July 19.Douyin, partnering with
Kuaishou -W (01024.HK) granted a total of 7.7 million restricted share units.
On July 19, Guolonghui announced that Kuaishou-W (01024.HK) awarded a total of 7.7 million restricted share units to eligible participants in accordance with the 2023 share incentive plan on July 19, 2024. The closing price of the company's shares on the date of the award was HKD 45.2 per share. The restricted share units awarded are intended to align the interests of the grantee with those of the group, through share ownership, dividends and other distributions, and/or appreciation of the shares, and to encourage and retain the grantee for the long-term development and profitability of the group.
On July 19, Kuaishou-W (01024.HK) spent 29.28 million Hong Kong dollars to repurchase 0.645 million shares.
On July 19, Kuaishou-W (01024.HK) announced that it spent HKD 29.28 million to repurchase 0.645 million shares.
On July 18th, Kuaishou spent approximately 29.6951 million Hong Kong dollars to repurchase 0.6382 million shares.
Kuaishou-W (01024) announced that it will spend approximately 29.6951 million Hong Kong dollars to repurchase 0.6382 million shares on July 18, 2024.
On July 18th, Kuaishou spent HKD 29.695 million to repurchase 0.6382 million shares.
On July 18th, Kuaishou-W (01024.HK) announced that it spent HKD 29.695 million to repurchase 0.6382 million shares.
Brokerage focus: bocom intl lowers target price of Kuaishou (01024) by 26.7% due to increased industry competition and possible slowdown in GMV growth.
Bocom Intl released a research report stating that it maintains its Q2 revenue forecast for Kuaishou (01024) at 30.5 billion yuan, a YoY increase of 10%. The bank maintains its forecast for adjusted net income to increase 63% YoY to 4.4 billion yuan, corresponding to an adjusted net income rate of 14.4%, a decrease of 0.5 percentage points QoQ, mainly due to the increase in subsidies for e-commerce and local life, which may lead to a slight increase in marketing expenses as a percentage of revenue. The bank has lowered its forecast for Q2/annual e-commerce GMV growth to 19%/21% (originally 25%/24%), mainly due to: 1) a 5.1% increase in the large cap physical e-commerce market from May to June.