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Benzinga
Benzinga
World
The Bamboo Works

Living in TikTok's Shadow, Kuaishou Bleeds Red Ink and Cash

Kuaishou TikTok ByteDance China Covid-19 Nasdaq Bilibili Douyin

Key Takeaways:

  • Kuaishou’s adjusted net loss narrowed in the first quarter, but its ad revenue came under pressure during China’s latest Covid containment measures
  • The company’s user base is almost half as large as that for TikTok parent ByteDance, even though its operating revenue and gross profit are just one-third as big
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