Kuaishou’s Glow-Up: From Bleeding Cash to AI-Powered Profit Machine

Kuaishou Technology: 1024 HK, KUASF US

Good Evening,

Welcome to the penultimate edition of the China Internet overview. Today we’re focusing on Kuaishou (1024 HK, $KUASF) , the short video and commerce platform withe over 700m Monthly Active Users. Of all the instalments in this series, this is the one that we here at Panda HQ learned the most about ourselves. We will try to share our newfound understanding of the strategy and the execution plan with you below.

But before we do, this is a paywalled report as all the instalments in this series are with the exception of Alibaba. The list so far is:

• PDD 0.00%↑ Pinduoduo, owenrs of Temu

• NTES 0.00%↑ NetEase, the gaming company

• BABA -3.50%↓ Alibaba the China online shopping pioneer (free)

• BIDU -0.13%↓ Baidu the search engine aka the google of china

• $700.HK Tencent the owners of WeChat the mega app

• JD 0.00%↑ JD.com the online retailer and a logistics company

The last report in the Series will be on Meutian. Quite frankly this was an awful lot of work do update our views on all the internet names, and we hope you have found it useful. We have been doing China for so long that knowing the main points of the internet names has had to be like the Lord’s Prayer to us. But with familiarity comes complacency so it’s been very valuable to test our assumptions in the space. We dare say that these assumptions have been proven incorrect on a number of occasions. We have been quite open about it, and we hope it’s been as valuable to you, Dear Reader, as it has been to us. The time has however come to move on to pasture greener.

This exercise has taken about a week longer than anticipated, and thus delayed our start on Humanoid Robots. As such we’ve missed the announcement by DoBot earlier on Tuesday about the release of their first commercial model. Company was up 27% on the news. We are very excited about diving in to that space, but that won’t happen not until next week.

For a preview of that though, please join myself and

Blind Squirrel Macro

in the chat that we’ll be recording later today. I promise to at least touch on all the excitement, even if the details would have to wait till next week.

With that let’s go back to Kuaishou. It may not make humanoid robots, but it’s still an excellent company well worth your attention.

Nothing in this Substack is Investment Advice. This information is provided for informational purposes only and does not constitute financial, investment, or other advice. Any examples used are for illustrative purposes only and do not reflect actual recommendations. Please consult a licensed financial advisor or conduct your own research before making any investment decisions. The authors, publishers, and affiliates of this content do not guarantee the accuracy, completeness, or suitability of the information and are not responsible for any losses, damages, or actions taken based on this information. Past performance is not indicative of future results.

Kuaishou Technology : 1024 HK

Kuaishou Technology, initially established as GIF Kuaishou in 2011 by Hua Su and Cheng Yixiao, originated as a tool for GIF creation. In 2013, the platform underwent a transformation into a short-video sharing application, signaling the commencement of its expansion into the realms of social media and content creation. Over the years, Kuaishou effectively leveraged the increasing prevalence of mobile internet usage in China, positioning itself as a primary competitor to ByteDance’s Douyin (known as TikTok in international markets). The company achieved a public listing on the Hong Kong Stock Exchange in February 2021 (HKEX: 1024), successfully raising $5.4 billion through its initial public offering. Hua Su, Co-founder and former CEO, played a vital role in Kuaishou’s early technological development. Cheng Yixiao, Co-founder and current CEO, has spearheaded the company’s strategic advancement into AI-driven content recommendations and e-commerce