Latest Breaking News On - Ex googler turns virtual gifts into - Page 1 : comparemela.com

(Bloomberg) Kuaishou Technology reported a 37% gain in quarterly revenue, after the rival to TikTok-owner ByteDance Ltd. delved deeper into online commerce and advertising.Revenue surged to 17 billion yuan ($2.65 billion) for the three months ended March, compared with the 16.9 billion yuan projected by China Renaissance. Net loss widened to 57.8 billion yuan, versus 30.5 billion yuan a year earlier, as sales and marketing expenses surged to roughly 69% of revenue.Kuaishou, the operator of China’s most popular short-video platform after ByteDance’s Douyin, is trying to establish its place among a generation of mega-startups like food delivery giant Meituan and ride-hailing leader Didi. Shares in the Tencent Holdings Ltd.-backed outfit have more than doubled since its February initial public offering, the top performer among recent major Chinese tech listings in Hong Kong.But founder Su Hua’s company, which is expanding beyond its roots in video content, is grappl

Hong kongSu huaBytedance douyinBytedance ltdBilibili incBloomberg kuaishou technologyTencent holdings ltdTiktok owner bytedanceHong kong butEx googler turns virtual gifts intoChina renaissanceஹாங் காங்சு ஹுவாஹாங் காங் ஆனால்சீனா மறுமலர்ச்சி