同样推广淘宝一分购项目，有人一单赚26元，有人拿36元，这10元差价背后，隐藏着你不知道的接单秘密。 刚刚接触地推APP拉新的小李很疑惑，为什么同样推广淘宝一分购项目，朋友一单能赚36元，而他只能拿到26元？经过同行点拨他才明白，关键就在于是否 对接了"一手单"——直接来自项目源头，没有中间商抽成的地推项目。 做越多，实际"亏"得越多。推广100单下来，收入直接少了1000元！在地推网推这个行业，选择可靠的接单平台，直接关系到你的实际收益。 为此，本文精心整理了2025年公认的五大可靠地推网推平台，它们都以提供一手资源为核心，助你直接对接高佣项目。 01 五大可靠平台：对接一手项目，实现收益最大化 在地推网推行业，摸清门道的老手都知道，选对平台就等于成功了一半。那么，2025年哪些平台真正值得投入时间和精力呢？ 洽立方——资源丰富的行业领头羊 洽立方在APP拉新行业内堪称翘楚，作为商务资源对接领域的佼佼者，它拥有超过200W的用户资源，其中地推拉新板块就汇聚了100W+。 这个平台搭建了一个庞大的免费对接桥梁：一端连接着海量一手服务商，另一端则服务着数百万的职业推广员。 平台上项目类型丰富多样，像快手极速版、 ...

Core Viewpoint - The report from CICC maintains the earnings forecast and outperform rating for Kuaishou-W (01024), with a target price of HKD 89, indicating an upside potential of 18% based on 15/13x 25/26 year Non-IFRS P/E [1] Group 1: OneRec Recommendation System - Kuaishou launched the end-to-end generative recommendation model OneRec during the 2Q25 earnings disclosure, which enhances user engagement through deep understanding of user behavior and dynamic adaptation [2] - OneRec's architecture significantly reduces communication and storage costs, with operational costs only 10.6% of traditional recommendation processes; it currently handles 25% of requests on Kuaishou and Kuaishou Lite, leading to increased user engagement [2] - The model is expected to improve user stickiness and time spent on the platform while reducing bandwidth and user retention costs, with potential applications in marketing and e-commerce [2] Group 2: Keling Ecosystem Development - Keling achieved revenue exceeding 250 million yuan in 2Q25, showing significant quarter-on-quarter growth; the technology has surpassed competitors in performance metrics [3] - Keling upgraded its creator program to empower creators through inspiration values, cash incentives, and Kuaishou traffic support, with AI content viewership increasing by 321% compared to six months ago [3] Group 3: Creator Ecosystem and Commercialization - The creator ecosystem is thriving, with a 100% increase in submissions from creators with over 10,000 followers and an 8% growth in the number of professional streamers [4] - The e-commerce division reports over 6.6 million commercial content posts daily, attracting more than 320 million viewers and generating revenue for 3.7 million creators [4] - Kuaishou is exploring monetization opportunities in emerging content areas such as short dramas and mini-games, expecting to generate significant revenue for creators in the coming year [4]

Group 1 - The article discusses various online platforms that allow users to earn money by watching advertisements, highlighting the skepticism surrounding their legitimacy and payout thresholds [1] - Douyin's "Jisu" version is mentioned as a prominent platform, offering a dedicated earning center where users can earn up to 8200 coins by completing tasks related to advertising conversion [1] - Uke Direct Talk serves as a bridge to access resources for earning coins on platforms like Douyin and Kuaishou, while also providing opportunities to create advertising apps for monetization [3] Group 2 - Kuaishou's "Jisu" version is noted for its popularity among a wide demographic, featuring a task center where users can earn coins by watching ads, especially during major shopping events [5] - Tencent Video is identified as a newer platform for earning money through ads, with users able to earn a significant amount by completing tasks available in the coin center [5] - Tomato Novel, developed by ByteDance, allows users to earn coins by listening to novels and watching ads simultaneously, enhancing the earning potential without additional time investment [7] Group 3 - The article encourages users to explore these five platforms during their free time, suggesting that even small earnings can be beneficial [9]

Core Viewpoint - The article discusses the transformation of recommendation systems through the integration of large language models (LLMs), highlighting the introduction of the "OneRec" system by Kuaishou, which aims to enhance efficiency and effectiveness in recommendation processes [2][35]. Group 1: Challenges in Traditional Recommendation Systems - Traditional recommendation systems face significant challenges, including low computational efficiency, conflicting optimization objectives, and an inability to leverage the latest AI advancements [5]. - For instance, Kuaishou's SIM model shows a Model FLOPs Utilization (MFU) of only 4.6%/11.2%, which is significantly lower than LLMs that achieve 40%-50% [5][28]. Group 2: Introduction of OneRec - OneRec is an end-to-end generative recommendation system that utilizes an Encoder-Decoder architecture to model user behavior and enhance recommendation accuracy [6][11]. - The system has demonstrated a tenfold increase in effective computational capacity and improved MFU to 23.7%/28.8%, significantly reducing operational costs to just 10.6% of traditional methods [8][31]. Group 3: Performance Improvements - OneRec has shown substantial performance improvements in user engagement metrics, achieving a 0.54%/1.24% increase in app usage duration and a 0.05%/0.08% growth in the 7-day user lifecycle (LT7) [33]. - In local life service scenarios, OneRec has driven a 21.01% increase in GMV and an 18.58% rise in the number of purchasing users [34]. Group 4: Technical Innovations - The system employs a multi-modal fusion approach, integrating various data types such as video titles, tags, and user behavior to enhance recommendation quality [14]. - OneRec's architecture allows for significant computational optimizations, including a 92% reduction in the number of key operators, which enhances overall efficiency [27][28]. Group 5: Future Directions - Kuaishou's technical team identifies areas for further improvement, including enhancing inference capabilities, developing a more integrated multi-modal architecture, and refining the reward system to better align with user preferences [38].

Core Insights - The article discusses three promising industries for future entrepreneurship, emphasizing the potential for financial success if the right direction is chosen [1][4]. Industry Trends - The app user acquisition industry is highlighted as an undervalued sector with significant growth potential over the next five years, accessible even to individuals without specialized skills [1][3]. - The gaming peripheral market is identified as having a vast market space, particularly for independent games that have not yet released merchandise, suggesting a focus on niche products like figurines and keychains [3][4]. Business Opportunities - The article suggests that the app user acquisition industry has low entry barriers, allowing many individuals to engage in it as a side job, provided they possess certain communication skills and a strong work ethic [3][4]. - Current commission rates for app user acquisition range from 20 to 50 yuan for consumer-facing apps, while business-facing apps can yield commissions of 100 to 200 yuan per task, indicating a lucrative profit margin [3][4]. - The article encourages exploring less saturated markets, such as short drama promotion and private domain traffic, as viable avenues for generating income through online channels [4].

Core Viewpoint - Kuaishou's fourth-quarter performance reflects a platform in the "second half of the dividend period," facing challenges in user growth and competition, particularly in the live e-commerce sector, which is evolving faster than internal transformations [14][21][29]. Group 1: E-commerce Performance - The fourth-quarter GMV reached CNY 462.1 billion, with a year-on-year growth of 14%, indicating a slight slowdown compared to previous quarters [2][29]. - Kuaishou's GMV from the general merchandise category has only reached 30%, lagging behind competitors like Douyin, which is approaching 40% and expected to exceed 50% this year [3][29]. - The average monthly shopping buyers increased to 143 million, with a penetration rate of 19.5%, driven by efforts to attract new merchants, especially small and medium-sized businesses [4][29]. Group 2: Advertising Revenue - Fourth-quarter advertising revenue grew by only 13% year-on-year, reflecting a significant slowdown due to macroeconomic factors and intense competition [6][33]. - E-commerce advertising growth followed GMV trends, slowing to 14%, while external advertising dropped from nearly 25% to 15% [6][33]. - The competition from platforms like Douyin and the rising popularity of video accounts are putting pressure on Kuaishou's advertising revenue [35]. Group 3: User Growth and Engagement - Kuaishou's MAU increased to 736 million, with a net addition of 22 million users in the fourth quarter, outperforming market expectations [7][21]. - However, user engagement metrics such as DAU/MAU ratios have declined, indicating challenges in retaining new users [7][23]. - The average daily time spent per user was 126 minutes, showing only a marginal increase, which suggests that user stickiness remains a concern [23]. Group 4: Profitability and Financials - The fourth-quarter Non-IFRS net profit margin was 13.3%, with a core business profit margin of 9.86%, reflecting a slow improvement but still below expectations [8][46]. - Kuaishou's total revenues for the fourth quarter were CNY 32.56 billion, with a year-on-year growth of 15.1% [12]. - The company has a cash position of CNY 51.5 billion, indicating a strong liquidity position to support future growth initiatives [11]. Group 5: AI and Future Outlook - The potential of AI, particularly through the Keling service, is seen as a key driver for future revenue growth, with expectations of generating CNY 5-10 billion this year [15][17]. - AI's role in enhancing content recommendation and operational efficiency could improve user engagement and advertising ROI, although the long-term sustainability of this growth remains uncertain [16][17]. - The overall valuation of Kuaishou is closely tied to market sentiment around AI, with current estimates suggesting a P/E ratio of around 11x, indicating room for valuation improvement [18].