Kuaishou surpasses expectations with impressive Q2 earnings in Hong Kong

In August 2025, Kuaishou, a leading online video platform in China, announced its Q2 earnings, which significantly exceeded analyst expectations in several key performance areas. The company's revenue grew by 13.1%, reaching RMB 35.046 billion, compared to RMB 30.975 billion in the previous year, marking a notable upward trend in its financial performance. In addition to revenue growth, Kuaishou reported an adjusted net income of RMB 5.618 billion, reflecting a year-over-year increase of 20.1%. The adjusted earnings per share (EPS) also saw a substantial rise, reaching RMB 1.33, up from RMB 1.08. This financial success can be attributed to the popularity of Kuaishou's new AI tool, the Kling AI 2.1 model, which allows users to create AI-generated video content seamlessly. The company also recorded an all-time high of daily users at 409 million, with users spending an average of 126.8 minutes on the app each day. This surge in user engagement indicates the effectiveness and appeal of the new technology being offered by Kuaishou. In the same reporting period, Bilibili and Full Truck also shared their robust earnings, showcasing a trend of strong performance within the digital and media sectors in China. Bilibili achieved an adjusted net income of RMB 561.3 million, which represents a recovery from a net loss in the previous year. Full Truck Alliance, often referred to as the Uber for truck drivers, reported a revenue increase of 17.2%, further confirming the growth and viability of digital platforms within the logistics industry. Bilibili's adjusted EPS improved to RMB 1.29, signaling positive momentum for online video content platforms as well. The mixed performance of Asian equity markets following these announcements underscores the impact of macroeconomic factors, especially as investors were preparing for comments from the Federal Reserve. Despite the overall positive results from major companies, the general market reaction was mixed, with notable declines in key stocks like Alibaba, Meituan, and Xiaomi. This volatility suggests that while individual companies are thriving, broader market conditions and investor sentiment remain sensitive, likely influenced by external economic pressures and upcoming policy announcements. Overall, the strong quarterly performances by Kuaishou, Bilibili, and Full Truck Alliance signal a prosperous outlook for digital and online services in China, reflecting both technological advancements and increasing consumer engagement. The financial metrics released not only illustrate a successful quarter for these companies but also provide insight into the evolving landscape of digital economies amidst changing global market dynamics.