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CTI 79: Kuaishou, Tencent, and Xiaomi earnings, with Michael Norris
China Tech Investor
Quasha's Revenue Growth Looks Good
Quasha posted a loss of seven point two billion r m b, which was ahead of, or came in worse than, consensus estimates. 293 million daily ive users are spending an average of a hundred and six point nine minutes on the platform daily, which is up 25 %. As quashe reduces its reliance on the life streaming business as a revenue generator, its margin profile improves. Unfortunately, however, that improved gross profit marin profile didn't translate into a better bottom line.
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