$KUAISHOU-W(01024.HK)

Friends, the market performance of Kuaishou (1024.HK) has been quite exciting over the past week. Let’s talk about the broader context first: the entire Hong Kong tech sector saw widespread declines, with Kuaishou dropping over 3% at one point during the opening on November 5, joining other tech giants like Bilibili, Alibaba, and Tencent in a "group slump" (a bittersweet camaraderie). This downturn was mainly driven by weak external markets and reduced risk appetite for tech stocks, creating a cautious market atmosphere. But don’t rush to pessimism—Kuaishou recently performed well during the Double 11 Fur Festival, with GMV (Gross Merchandise Value) surging 286% year-on-year, and live-streaming e-commerce and new product sales also seeing significant growth, showing the company’s strong momentum in content-driven e-commerce. The broader market decline feels like a winter north wind, but Kuaishou’s business warmth hasn’t faded. What’s your take on the outlook?