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KUAISHOU-W No. of New Paying Users During 'Double 11' 7M+; GMV of Products Above RMB1K Surges 1.1x
KUAISHOU-W (01024.HK)'s Kuaishou Ecommerce released its “Double 11” report saying that Kuaishou Ecommerce's GMV grew strongly YoY during the period, setting a n...
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KUAISHOU-W No. of New Paying Users During 'Double 11' 7M+; GMV of Products Above RMB1K Surges 1.1x
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KUAISHOU-W (01024.HK)  -0.350 (-0.865%)    Short selling $239.94M; Ratio 25.840%   '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.

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For 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 2025-01-23 16:25.)

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