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Xiao Gu: 'New-Tier Cities + AI' to Propel Kuaishou Local Life Growth
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KUAISHOU-W (01024.HK) Senior Vice President and Head of Local Life Business, Xiao Gu, stated at an event that Kuaishou’s Local Life GMV shot up 200% YoY in 2024, with new-tier cities (T3 and below) logging GMV growth of over 220% YoY. The daily average number of paying users in 2024 doubled YoY, with new-tier city users accounting for over 62% of the total, making them a key driver of sustained growth for Kuaishou’s Local Life business. In 2025, Kuaishou Local Life will further invest in AI, leveraging AI technology to empower merchants across their operations and help them thrive. "New-tier cities + AI" will serve as the growth engine for Kuaishou’s Local Life business. AAStocks Financial News |
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