Xin Lang Cai Jing·2025-12-24 14:50Core Viewpoint - Kuaishou, a leading short video live streaming platform in China, recently faced a significant attack from black and gray market entities, leading to a temporary suspension of its live streaming services and a notable drop in its stock price [3][21][25]. Financial Performance - Kuaishou reported a total revenue of 103.2 billion yuan for the first three quarters of the year, reflecting a year-on-year growth of 12.78% [3][34]. - The company's net profit attributable to shareholders increased by 17.79% year-on-year to 13.39 billion yuan [3][34]. - The average daily active users of Kuaishou exceeded 416 million, marking a historical high for three consecutive quarters [34]. Incident Details - On December 22, numerous users reported the presence of explicit content in Kuaishou's live streaming rooms, prompting the platform to take immediate action [5][24]. - Following the attack, Kuaishou's stock price fell by 3.53% to 64.35 HKD per share, resulting in a market capitalization loss of over 10 billion HKD [3][21][25]. - Kuaishou's live streaming feature was attacked on December 22, leading to a complete shutdown of the live streaming section until it was gradually restored [25][29]. Regulatory Concerns - Kuaishou has faced regulatory scrutiny multiple times, including warnings and investigations related to the dissemination of illegal content and failure to manage user-generated content effectively [8][27]. - The platform was previously penalized for not promptly addressing prohibited content and for not implementing adequate measures to protect minors [27][30]. Security Measures and AI Integration - Experts suggest that Kuaishou's reliance on traditional manual review processes is outdated, and the platform needs to adopt AI-driven automated security measures to counteract the evolving threats from black and gray market attacks [4][33]. - Kuaishou has been investing in AI technologies, which have shown promising results in enhancing operational efficiency and financial performance [3][34][36]. - The company reported that its AI applications contributed over 3 billion yuan in revenue, with AI-driven marketing services improving revenue by approximately 4% to 5% [34][35].