HK Stock Market Move | Kuaishou-W (01024) is now up more than 4%. Management has stated that the goal is to achieve a gross profit margin of 60% and they have confidence in surpassing 400 million daily active users in a single quarter.

KUAISHOU-W(01024) is now up more than 4%, as of press time, up 4.19% to HK$39.75, with a turnover of HK$3.82 billion. In terms of news, on September 13, Kuaishou held an investor day event. Kuaishou founder, chairman, and CEO, Cheng Yixiao, stated that user demand is the driving force behind the company's continuous progress. The company has made it clearer this year that it will be user-oriented, optimizing content, products, and traffic systems to achieve healthy and high-quality growth through good content, good products, and a reasonable traffic mechanism. Cheng Yixiao expressed confidence in achieving the goal of breaking through 400 million DAUs in the second half of the year. China International Capital Corporation (CICC) stated that the company's management aims to achieve a gross profit margin of 60% and reduce the main sales expense ratio to 30%. They also expressed confidence in achieving positive investment returns for local businesses in the long term. In addition, the company's AI division, Kuaishou Technologies, is expected to maintain a leading advantage in the industry for 3 to 6 months based on technology choices, algorithm innovation, and judgment ability.