Latest news with #RMB100
Yahoo
3 days ago
- Business
- Yahoo
Kling AI Celebrates First Anniversary; Achieves Annualized Revenue Run Rate Surpassing USD100 Million in 10th Month Since Launch
HONG KONG, June 5, 2025 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that its globally leading large video generation model, Kling AI, achieved an Annualized Revenue Run Rate (see Note 1) surpassing USD100 million in March 2025, the tenth month since its official launch. Notably, Kling AI's monthly subscription bookings (see Note 2) exceeded RMB100 million in both April and May this year. Kling AI ranks at the forefront of large video generation models and independent AI products globally by both revenue growth and overall revenue scale. Within just one year of its June 2024 launch, Kling AI has completed more than 20 iterations. In April 2025, Kuaishou officially rolled out the Kling AI 2.0 Video Generation Model to global users, maintaining global leadership in motion quality, semantic responsiveness and visual aesthetics. At the end of May 2025, Kuaishou debuted the Kling AI 2.1 model series. Featuring a Standard (720p) mode and a High Quality (1080p) mode, Kling AI 2.1 is engineered for high cost-effectiveness and efficient content generation. Additionally, the premium Kling AI 2.1 Master Edition delivers superior motion performance and enhanced semantic responsiveness, marking a significant breakthrough in AI video creation. Kling AI is committed to continuously enhancing the baseline quality of its models and providing users with precise control, enabling them to accurately bring their ideas to life. While sustaining global leadership in technology and product features, Kling AI also accelerated its revenue growth. Kling AI offers membership subscription services to prosumers to help improve their creative efficiency and quality, and provides API services to over 10,000 domestic and overseas corporate clients and developers across multiple industries such as professional content creation platforms, advertising and marketing, film and animation, game production and smart devices. Going forward, Kling AI will continue to focus on technological innovation and accelerate its deep application across more scenarios, further solidifying its global leading position in video generation. Kling AI strives to become the new infrastructure for video creation in the AI era. Note 1: Annualized Revenue Run Rate = Current Month's Revenue*12Note 2: Monthly subscription bookings include paid prosumer subscriptions and corporate client API fees. Due to differences in the consumption cycles of the rights purchased through payment, there is a discrepancy between monthly subscription bookings and monthly revenue. About Kuaishou Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou's platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more. Forward-Looking Statements Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events. For investor and media inquiries, please contact:Kuaishou TechnologyInvestor RelationsEmail: ir@ View original content: SOURCE Kuaishou Technology
Yahoo
3 days ago
- Business
- Yahoo
Kling AI Celebrates First Anniversary; Achieves Annualized Revenue Run Rate Surpassing USD100 Million in 10th Month Since Launch
HONG KONG, June 5, 2025 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that its globally leading large video generation model, Kling AI, achieved an Annualized Revenue Run Rate (see Note 1) surpassing USD100 million in March 2025, the tenth month since its official launch. Notably, Kling AI's monthly subscription bookings (see Note 2) exceeded RMB100 million in both April and May this year. Kling AI ranks at the forefront of large video generation models and independent AI products globally by both revenue growth and overall revenue scale. Within just one year of its June 2024 launch, Kling AI has completed more than 20 iterations. In April 2025, Kuaishou officially rolled out the Kling AI 2.0 Video Generation Model to global users, maintaining global leadership in motion quality, semantic responsiveness and visual aesthetics. At the end of May 2025, Kuaishou debuted the Kling AI 2.1 model series. Featuring a Standard (720p) mode and a High Quality (1080p) mode, Kling AI 2.1 is engineered for high cost-effectiveness and efficient content generation. Additionally, the premium Kling AI 2.1 Master Edition delivers superior motion performance and enhanced semantic responsiveness, marking a significant breakthrough in AI video creation. Kling AI is committed to continuously enhancing the baseline quality of its models and providing users with precise control, enabling them to accurately bring their ideas to life. While sustaining global leadership in technology and product features, Kling AI also accelerated its revenue growth. Kling AI offers membership subscription services to prosumers to help improve their creative efficiency and quality, and provides API services to over 10,000 domestic and overseas corporate clients and developers across multiple industries such as professional content creation platforms, advertising and marketing, film and animation, game production and smart devices. Going forward, Kling AI will continue to focus on technological innovation and accelerate its deep application across more scenarios, further solidifying its global leading position in video generation. Kling AI strives to become the new infrastructure for video creation in the AI era. Note 1: Annualized Revenue Run Rate = Current Month's Revenue*12Note 2: Monthly subscription bookings include paid prosumer subscriptions and corporate client API fees. Due to differences in the consumption cycles of the rights purchased through payment, there is a discrepancy between monthly subscription bookings and monthly revenue. About Kuaishou Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou's platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more. Forward-Looking Statements Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events. For investor and media inquiries, please contact:Kuaishou TechnologyInvestor RelationsEmail: ir@ View original content: SOURCE Kuaishou Technology
Yahoo
19-05-2025
- Business
- Yahoo
Viomi Unveils Next-Generation Mineral Water Purifiers, Leading Household Drinking Water into the Era of Pure Mineral Water
GUANGZHOU, China, May 19, 2025 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd ('Viomi' or the 'Company') (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced the official launch of its groundbreaking Kunlun 4 Pro Alkaline Mineral Water Purifier. Unveiled at a special product event held on May 16th, this next-generation water purifier harnesses AI technology to replicate the natural mineral water formation process, aiming to elevate household drinking water from the era of 'pure water' to the new era of 'pure mineral water,' and offering a solution for families seeking mineral-rich drinking water at better meet the growing consumer demand for mineral-rich water at home, Viomi established the Kunlun Mineral Technology Research Center, investing over RMB100 million in the past three years. Collaborating with China University of Geosciences, the research team traveled extensively across China's renowned mountain regions, ultimately selecting Kunlun natural ore as the core material of the purifier. At the heart of the Kunlun 4 Pro is the Kunlun Filter, which employs a 7+1 level fine filtration system. This technology effectively removes over 100 harmful substances while enriching the water with six beneficial minerals: strontium, sodium, magnesium, potassium, calcium, and metasilicic acid, closely mimicking the composition of natural mineral spring addition, Viomi has established four industry-leading standards for 'pure mineral water.' First, the purifier utilizes meticulously selected raw materials, incorporating natural mineral ore in the filter to replicate mineral-rich water containing six essential minerals. Second, it features an AI-powered slow-release system that visibly and gradually releases these six minerals over time. Third, the device offers real-time pH monitoring with a slightly alkaline profile. Lastly, the product has achieved both 'Excellent Water Quality' and 'Maternal and Infant Mineral Grade' certifications. These standards underscore the purifier's safety and suitability for sensitive populations and the broader market, driving industry upgrade and leading the water purification sector towards a healthier, smarter, and higher-quality the launch event, Viomi also showcased the industry's first 'Group Standard for Household and Similar Use Maternal and Infant Mineral Water Purifiers,' jointly developed with the China Inspection and Testing Society and the China Household Electrical Appliances Research Institute. The Kunlun 4 Pro is the first product to obtain this certification, further emphasizing its safety and healthfulness for vulnerable groups. Looking ahead, Viomi remains committed to advancing AI-driven water purification technology, aiming to lead the evolution of household mineral water and provide consumers with healthier, smarter drinking experiences for years to come. About Viomi Technology Viomi's mission is 'AI for Better water,' utilizing AI technology to provide better drinking water solutions for households worldwide. As an industry-leading technology company in home water solutions, Viomi has developed a distinctive 'Equipment + Consumables' business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading 'Water Purifier Gigafactory' with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration. For more information, please visit: For investor and media inquiries, please contact: In China: Viomi Technology Co., LtdClaire JiE-mail: ir@ Piacente Financial Communications Hui FanTel: +86-10-6508-0677 E-mail: viomi@ In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: viomi@ Photos accompanying this announcement are available at
Yahoo
15-05-2025
- Business
- Yahoo
Tencent Holdings Ltd (TCEHY) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and AI ...
Total Revenue: RMB180 billion, up 13% year on year. Gross Profit: RMB100 billion, up 20% year on year. Non-IFRS Operating Profit: RMB69 billion, up 18% year on year. Non-IFRS Net Profit Attributable to Equity Holders: RMB61 billion, up 22% year on year. Value-Added Services Revenue: RMB92 billion, up 17% year on year. Social Networks Revenue: RMB33 billion, up 7% year on year. Domestic Games Revenue: Up 24% year on year. International Games Revenue: Up 23% year on year. Marketing Services Revenue: RMB32 billion, up 20% year on year. Fintech and Business Services Revenue: RMB55 billion, up 5% year on year. Gross Margin: 56%, up 3 percentage points year on year. Operating Expenses: Selling and marketing expenses were RMB7.9 billion, up 4% year on year. R&D Expenses: RMB18.9 billion, up 21% year on year. Free Cash Flow: RMB47.1 billion, down 9% year on year. Net Cash Position: RMB90.2 billion, up 17% quarter on quarter. Warning! GuruFocus has detected 9 Warning Signs with STU:IGV0. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tencent Holdings Ltd (TCEHY) reported a 13% year-on-year increase in total revenue for Q1 2025, reaching RMB180 billion. Gross profit rose by 20% year-on-year to RMB100 billion, marking a significant improvement in profitability. The company's non-IFRS net profit attributable to equity holders increased by 22% year-on-year to RMB61 billion. Tencent's AI capabilities are contributing positively to various business segments, including advertising and gaming. The Weixin and WeChat platforms saw growth in monthly active users, reaching 1.4 billion, indicating strong user engagement. Finance costs increased by 37% year-on-year, primarily due to foreign exchange losses. Free cash flow decreased by 9% year-on-year, largely due to increased capital expenditures on GPUs and servers. Interest income declined by 12% year-on-year due to lower interest yields. There is a temporary narrowing of the gap between revenue and operating profit growth rates due to AI investments. The commercial payment volume experienced a slight decline year-on-year in Q1, reflecting potential macroeconomic challenges. Q: Can management comment about the outlook and differentiation of Weixin versus peers in the market, and strategies across various AI business models? A: Chi Ping Lau, President: We are developing agentic AI capabilities within Weixin, which will be unique due to its integration with the Weixin ecosystem, including social graphs and content ecosystems. In terms of AI business models, advertising is directly augmented by AI, improving targeting capabilities. GPU rental is currently a lower priority due to short supply, and subscriptions are not a mainstream model for AI in China. Q: What is the current progress with the Yuanbao integration into the Weixin ecosystem, and what synergies do you expect? A: Chi Ping Lau, President: Yuanbao is still in the early stages of development. Users are using it for questions and dialogues, and we plan to provide more linkage with the Weixin ecosystem. It's too early to summarize systematic synergies, but we expect more developments in the coming quarters. Q: Could you discuss the longer-term implications for growth in the domestic games segment and any regulatory changes affecting app stores? A: James Mitchell, Chief Strategy Officer: The first quarter benefited from easy comparisons, but we see a long runway for growth due to changes in game operations and AI utilization. Regarding app stores, there is a shift towards a fairer share of revenue for digital content creators, which is more advanced in China and expected to progress globally. Q: What are some notable user behavior changes post-AI integration into Tencent's business applications? A: Chi Ping Lau, President: It's too early for systematic analysis, but users are increasingly interacting with AI agents. We are in a discovery phase, adding functionalities and observing user engagement. Q: How is the US licensing requirement for high-end GPUs affecting Tencent's AI development and product launches? A: Chi Ping Lau, President: The situation is dynamic, but we have a strong stockpile of chips. We prioritize applications generating immediate returns, like advertising. We are optimizing software to manage GPU needs and exploring alternative chips for inference. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Tencent Holdings Ltd (TCEHY) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and AI ...
Total Revenue: RMB180 billion, up 13% year on year. Gross Profit: RMB100 billion, up 20% year on year. Non-IFRS Operating Profit: RMB69 billion, up 18% year on year. Non-IFRS Net Profit Attributable to Equity Holders: RMB61 billion, up 22% year on year. Value-Added Services Revenue: RMB92 billion, up 17% year on year. Social Networks Revenue: RMB33 billion, up 7% year on year. Domestic Games Revenue: Up 24% year on year. International Games Revenue: Up 23% year on year. Marketing Services Revenue: RMB32 billion, up 20% year on year. Fintech and Business Services Revenue: RMB55 billion, up 5% year on year. Gross Margin: 56%, up 3 percentage points year on year. Operating Expenses: Selling and marketing expenses were RMB7.9 billion, up 4% year on year. R&D Expenses: RMB18.9 billion, up 21% year on year. Free Cash Flow: RMB47.1 billion, down 9% year on year. Net Cash Position: RMB90.2 billion, up 17% quarter on quarter. Warning! GuruFocus has detected 9 Warning Signs with STU:IGV0. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tencent Holdings Ltd (TCEHY) reported a 13% year-on-year increase in total revenue for Q1 2025, reaching RMB180 billion. Gross profit rose by 20% year-on-year to RMB100 billion, marking a significant improvement in profitability. The company's non-IFRS net profit attributable to equity holders increased by 22% year-on-year to RMB61 billion. Tencent's AI capabilities are contributing positively to various business segments, including advertising and gaming. The Weixin and WeChat platforms saw growth in monthly active users, reaching 1.4 billion, indicating strong user engagement. Finance costs increased by 37% year-on-year, primarily due to foreign exchange losses. Free cash flow decreased by 9% year-on-year, largely due to increased capital expenditures on GPUs and servers. Interest income declined by 12% year-on-year due to lower interest yields. There is a temporary narrowing of the gap between revenue and operating profit growth rates due to AI investments. The commercial payment volume experienced a slight decline year-on-year in Q1, reflecting potential macroeconomic challenges. Q: Can management comment about the outlook and differentiation of Weixin versus peers in the market, and strategies across various AI business models? A: Chi Ping Lau, President: We are developing agentic AI capabilities within Weixin, which will be unique due to its integration with the Weixin ecosystem, including social graphs and content ecosystems. In terms of AI business models, advertising is directly augmented by AI, improving targeting capabilities. GPU rental is currently a lower priority due to short supply, and subscriptions are not a mainstream model for AI in China. Q: What is the current progress with the Yuanbao integration into the Weixin ecosystem, and what synergies do you expect? A: Chi Ping Lau, President: Yuanbao is still in the early stages of development. Users are using it for questions and dialogues, and we plan to provide more linkage with the Weixin ecosystem. It's too early to summarize systematic synergies, but we expect more developments in the coming quarters. Q: Could you discuss the longer-term implications for growth in the domestic games segment and any regulatory changes affecting app stores? A: James Mitchell, Chief Strategy Officer: The first quarter benefited from easy comparisons, but we see a long runway for growth due to changes in game operations and AI utilization. Regarding app stores, there is a shift towards a fairer share of revenue for digital content creators, which is more advanced in China and expected to progress globally. Q: What are some notable user behavior changes post-AI integration into Tencent's business applications? A: Chi Ping Lau, President: It's too early for systematic analysis, but users are increasingly interacting with AI agents. We are in a discovery phase, adding functionalities and observing user engagement. Q: How is the US licensing requirement for high-end GPUs affecting Tencent's AI development and product launches? A: Chi Ping Lau, President: The situation is dynamic, but we have a strong stockpile of chips. We prioritize applications generating immediate returns, like advertising. We are optimizing software to manage GPU needs and exploring alternative chips for inference. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
