Xin Lang Cai Jing·2025-12-23 02:07Core Viewpoint - Kuaishou's stock price experienced a significant decline following reports of inappropriate content on its platform, leading to a substantial loss in market capitalization [1][2]. Group 1: Stock Performance - On December 23, Kuaishou's stock opened down by 3.30%, trading at HKD 64.5 per share [1][2]. - The stock price further declined, reaching a total drop of 5.70%, resulting in a market capitalization of HKD 271.7 billion, which is a decrease of HKD 16.4 billion from the previous day's closing value of HKD 288.1 billion [1][2]. Group 2: Incident Details - On the night of December 22, users reported the presence of explicit content in Kuaishou's live streaming rooms, including the broadcasting of pornographic videos and suggestive performances by hosts, with some streams attracting thousands of viewers [1][2]. - Kuaishou responded by stating that the platform was subjected to an attack from black and gray market activities around 10 PM that night, and they are currently in the process of urgent repairs [1][2]. - The company emphasized its commitment to combating illegal content and has reported the situation to relevant authorities, including filing a report with the police [1][2].