{"id":4243,"date":"2021-03-24T11:44:02","date_gmt":"2021-03-24T11:44:02","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=4243"},"modified":"2021-03-24T11:44:02","modified_gmt":"2021-03-24T11:44:02","slug":"kuaishou-spent-big-on-getting-more-users-in-2020-but-analysts-say-losses-belie-bright-long-term-outlook","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=4243","title":{"rendered":"Kuaishou spent big on getting more users in 2020, but analysts say losses belie bright long term outlook"},"content":{"rendered":"<p>Source: South China Morning PostKuaishou Technology, the operator of China\u2019s second-largest short video app and main rival to ByteDance\u2019s Douyin, posted a huge net loss in its first earnings report since listing in Hong Kong, but analysts said its long term outlook is still bright. Kuaishou\u2019s shares tumbled 12 per cent in Hong Kong on Wednesday, against a 2 per cent drop in the Hang Seng Index and a 4 per cent decline in Meituan, after it reported a loss of 116.6 billion yuan (US$18 billion) in 2020. While the figure was a\u2026<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3126802\/kuaishou-spent-big-getting-more-users-2020-analysts-say-losses-belie\" target=\"_blank\" rel=\"noopener\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: South China Morning PostKuaishou Technology, the operator of China\u2019s second-largest short video app and main rival to ByteDance\u2019s Douyin, posted a huge net loss in its first earnings report&hellip; <\/p>\n","protected":false},"author":0,"featured_media":4244,"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\/4243"}],"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=4243"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/4243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/4244"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4243"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}