KUAISHOU-W (01024.HK) +1.200 (+2.137%) Short selling $908.44M; Ratio 31.645% 's Kuaishou Ecommerce released its “Double 11” report saying that Kuaishou Ecommerce's GMV grew strongly YoY during the period, setting a number of records in Kuaishou Ecommerce's big promotion. Specifically, the GMV of its shelf-based e-commerce surged 110% YoY, while the search GMV spiked 119% YoY. The number of products with turnover exceeding RMB100 million soared by 200% YoY, and the GMV of products with a high ASP of over RMB1,000 shot up by 110% YoY. Related NewsNomura Chops Earnings Forecasts for KUAISHOU-W, Concerned About Commission Cuts by Livestream E-commerce Rivals & New CompetitorsFor the first time this year, the number of merchants participating in the “Double 11” shopping festival exceeded 3 million, while the number of new e-commerce paying users surpassed 7 million.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-01 16:25.)