{"id":19218,"date":"2021-08-25T09:11:56","date_gmt":"2021-08-25T09:11:56","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=19218"},"modified":"2021-08-25T09:11:56","modified_gmt":"2021-08-25T09:11:56","slug":"kuaishou-posts-7-billion-yuan-loss-in-second-quarter-as-it-continues-to-burn-cash","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=19218","title":{"rendered":"Kuaishou posts 7 billion yuan loss in second quarter as it continues to burn cash"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostKuaishou Technology, operator of China\u2019s second largest short video-sharing platform, reported worse-than-expected losses of 7.04 billion yuan (US$1.1 billion) in the second quarter as Beijing continues its regulatory crackdown on the tech sector.The earnings results come at a time when the company\u2019s share price has fallen to one-fifth of its peak in February amid a broader crash of Chinese tech stocks triggered by the tighter regulatory environment.The company reported a net loss of 7.04\u2026<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3146338\/kuaishou-posts-7-billion-yuan-loss-second-quarter-it-continues-burn?utm_source=rss_feed\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostKuaishou Technology, operator of China\u2019s second largest short video-sharing platform, reported worse-than-expected losses of 7.04 billion yuan (US$1.1 billion) in the second quarter as&hellip; <\/p>\n","protected":false},"author":0,"featured_media":19219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/19218"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19218"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/19218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/19219"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19218"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}