By Yifan Wang
Kuaishou Technology’s losses narrowed in the first quarter, as revenue rose across business segments.
The Chinese internet company on Monday posted net loss of 873 million yuan ($124.6 million), narrowing from loss of CNY6.25 billion a year earlier.
Revenue rose 20% to CNY25.22 billion, mainly driven by a 51% surge in Kuaishou’s other-services segment, which primarily consists of e-commerce operations.
Write to Yifan Wang at [email protected]
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