Kuaishou reports Q4 revenue up 8.7% to $5.1B, attributing growth to AI and user-focused strategy.

Kuaishou Technology reported a 4.8% rise in daily active users to 401 million and a 5.0% increase in monthly active users to 735.6 million for Q4 2024. E-commerce GMV grew 14.4% to RMB462.1 billion, and total revenue increased 8.7% to RMB35.4 billion. The company's profit rose 10% to RMB4.0 billion, with adjusted net profit at RMB4.7 billion. For the full year, revenue grew 11.8% to RMB126.9 billion, and adjusted net profit was RMB17.7 billion. Kuaishou attributes its growth to AI technology and a user-focused strategy.