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Kuaishou Technology Announces Fourth Quarter and Full Year 2025 Financial Results

HONG KONG, March 25, 2026 /PRNewswire/ — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2025.

Fourth Quarter 2025 Key Highlights

  • Average DAUs on Kuaishou APP were 407.7 million, representing an increase of 1.7% from 401.0 million for the same period of 2024.
  • Average MAUs on Kuaishou APP were 740.7 million, representing an increase of 0.7% from 735.6 million for the same period of 2024.
  • Total e-commerce GMV(1) was RMB521.8 billion, representing an increase of 12.9% from RMB462.1 billion for the same period of 2024.
  • Total revenues increased by 11.8% to RMB39.6 billion from RMB35.4 billion for the same period of 2024. Online marketing services and live streaming contributed 59.7% and 24.4%, respectively, to the total revenues. The other 15.9% came from other services.
  • Gross profit increased by 14.1% to RMB21.8 billion from RMB19.1 billion for the same period of 2024. Gross profit margin improved to 55.1%, from 54.0% for the same period of 2024.
  • Profit for the period increased to RMB5.2 billion, from RMB4.0 billion for the same period of 2024. Adjusted net profit(2) increased to RMB5.5 billion from RMB4.7 billion for the same period of 2024.
  • Operating profit from the domestic segment(3) increased to RMB6.1 billion from RMB4.4 billion for the same period of 2024. Operating loss from the overseas segment(3) was RMB59 million, compared to RMB236 million for the same period of 2024.

Full Year 2025 Key Highlights

  • Average DAUs on Kuaishou APP were 410.2 million, representing an increase of 2.7% from 399.4 million in 2024.
  • Average MAUs on Kuaishou APP were 724.6 million, representing an increase of 2.1% from 709.7 million in 2024.
  • Total e-commerce GMV(1) was RMB1,598.1 billion, representing an increase of 15.0% from RMB1,389.6 billion in 2024.
  • Total revenues increased by 12.5% to RMB142.8 billion from RMB126.9 billion in 2024. Online marketing services and live streaming contributed 57.1% and 27.4%, respectively, to the total revenues. The other 15.5% came from other services.
  • Gross profit increased by 13.4% to RMB78.5 billion from RMB69.3 billion in 2024. Gross profit margin improved to 55.0%, from 54.6% in 2024.
  • Profit for the year increased to RMB18.6 billion, from RMB15.3 billion in 2024. Adjusted net profit(2) increased to RMB20.6 billion from RMB17.7 billion in 2024.
  • Operating profit from the domestic segment(3) increased to RMB21.2 billion from RMB16.4 billion in 2024. Operating loss from the overseas segment(3) was RMB76 million, compared to RMB934 million in 2024.
  • During the twelve months ended December 31, 2025, the Company repurchased approximately 56.78 million shares on the Hong Kong Stock Exchange for a consideration of approximately HKD3.12 billion.

Mr. Cheng Yixiao, Co-founder, Chairman, and Chief Executive Officer of Kuaishou, commented, “In 2025, guided by our technology-driven, user-centric approach, we accelerated the execution of our AI strategy, leveraging cutting-edge AI capabilities to fuel upgrades and vitality across Kuaishou’s content and commercial ecosystems. This strategic momentum not only delivered incremental value to our users and partners but also underpinned a year of solid operational and financial performance. For the full year of 2025, our average DAUs reached 410 million, and total revenues increased by 12.5% year-over-year to RMB142.8 billion. Adjusted net profit for the full year increased by 16.5% year-over-year to RMB20.6 billion, with a 14.5% adjusted net margin. We remain committed to investing in AI technology and have made remarkable progress. Our multimodal large video generation model, Kling AI, accelerated its iteration throughout 2025, achieving breakthroughs in model capabilities, product experience and monetization potential, while fortifying its global leadership in AI video generation. Moving forward, we will remain deeply attuned to users’ evolving needs, further accelerating the integration of AI and innovative applications across all business scenarios, unlocking greater values to our users, business partners, and shareholders.”

Fourth Quarter 2025 Financial Review

Revenue from our online marketing services increased by 14.5% to RMB23.6 billion for the fourth quarter of 2025, from RMB20.6 billion for the same period of 2024, primarily attributable to the accelerated integration and innovative application of AI across diverse online marketing services scenarios.

Revenue from our live streaming business was RMB9.7 billion and RMB9.8 billion for the fourth quarter of 2025 and 2024, respectively.

Revenue from our other services increased by 28.0% to RMB6.3 billion for the fourth quarter of 2025, from RMB4.9 billion for the same period of 2024, primarily due to the growth of our e-commerce business and Kling AI business. The growth of e-commerce business was represented by the growth in our e-commerce GMV. The growth of Kling AI business was primarily attributable to our advanced AI technology and exceptional product performance.

Other Key Financial Information for the Fourth Quarter of 2025

Operating profit was RMB5.8 billion, increasing from RMB4.3 billion for the same period of 2024.

Adjusted EBITDA(4) was RMB8.0 billion, increasing from RMB6.9 billion for the same period of 2024.

Full Year 2025 Financial Review

Revenue from our online marketing services increased by 12.5% to RMB81.5 billion in 2025 from RMB72.4 billion in 2024, primarily attributable to the accelerated integration and innovative application of AI across diverse online marketing services scenarios.

Revenue from our live streaming business increased by 5.5% to RMB39.1 billion in 2025 from RMB37.1 billion in 2024, as a result of our continuous efforts to develop a rich and healthy living streaming ecosystem and diverse high-quality content.

Revenue from our other services increased by 27.6% to RMB22.2 billion in 2025 from RMB17.4 billion in 2024, primarily attributable to the growth of our e-commerce business and Kling AI business. The growth of e-commerce business was represented by the growth in our e-commerce GMV. The growth of Kling AI business was primarily attributable to our advanced AI technology and exceptional product performance.

Other Key Financial Information for the Full Year of 2025

Operating profit was RMB20.6 billion, increasing from RMB15.3 billion in 2024.

Adjusted EBITDA(4) was RM29.8 billion, increasing from RMB24.8 billion in 2024.

Total available funds(5) reached RMB104.9 billion as of December 31, 2025.

Notes:

(1) Placed on or directed to our partners through our platform.
(2) We define “adjusted net profit” as profit for the year or period adjusted by share-based compensation expenses and net fair value changes on investments.
(3) Unallocated items, which consist of share-based compensation expenses, other income, and other gains, net, are not included.
(4) We define “adjusted EBITDA” as adjusted net profit for the year or period adjusted by income tax expenses, depreciation of property and equipment, depreciation of right-of-use assets, amortization of intangible assets, and finance expense/(income), net.
(5) Total available funds which we considered in cash management included but not limited to cash and cash equivalents, time deposits, financial assets and restricted cash. Financial assets mainly included wealth management products and others.

Business Review

In the year of 2025, guided by our “technology-driven, user-centric” philosophy, we accelerated the execution of our AI strategy across all major business scenarios. Our multimodal large video generation models Kling AI (可靈AI) maintained a globally leading position, and we continued to leverage our advanced AI capabilities to empower Kuaishou’s content and commercial ecosystems, driving high-quality growth across user scale, revenue and profitability.

In the fourth quarter of 2025, average DAUs on the Kuaishou App reached 407.7 million, demonstrating robust year-over-year growth. Total revenues increased by 11.8% year-over-year to RMB39.6 billion. Revenues from our core commercial business, including online marketing services and other services, primarily e-commerce, increased by 17.1% year-over-year. Adjusted net profit reached RMB5.5 billion in the fourth quarter of 2025. For the full year of 2025, average DAUs on the Kuaishou App reached 410.2 million, and total revenues increased by 12.5% year-over-year to RMB142.8 billion. Adjusted net profit for the full year increased by 16.5% year-over-year to RMB20.6 billion, with an adjusted net margin of 14.5%. As we expanded our AI investments, we continued to deliver steady improvements in the Group’s overall profitability. Our AI capabilities have become a core engine driving Kuaishou’s long-term growth.

AI business 

Kling AI (可靈AI) remained committed to its vision of empowering everyone to craft captivating stories with AI, aiming to become the premier, inclusive and efficient video-creation infrastructure for the AI era while driving continuous breakthroughs in model capabilities, product experience, and monetization. In the fourth quarter of 2025, Kling AI (可靈AI) accelerated the rollout of multiple model upgrades across several iterations. We launched Kling O1, the world’s first unified multimodal video model that integrated multimodal text, video, image and subject inputs, consolidating all generation and editing tasks into a single, all-encompassing engine. Kling O1’s unified architecture enables end-to-end content creation within one model system, allowing users to transition from generation to editing and refinement without switching tools. We also released the Kling 2.6 model, which incorporates “simultaneous audio-visual generation” capabilities. The model can generate a complete video containing natural voiceovers, action sound effects, and ambient audio in a single process. Kling 2.6 also introduced a motion control feature that enables users to replicate specific movements from uploaded videos or from the online motion library. By pairing this with a character reference image, users can generate character-specific videos with frame-level precision in both body movements and facial expressions.

In February 2026, we launched the Kling AI (可靈AI) 3.0 model series. Developed under an All-in-One product framework, Kling 3.0 model series supports full multimodal input and output, spanning text, images, audio and video, seamlessly integrating video understanding, generation and editing within a single, streamlined AI workflow. The models unify multiple tasks, including text-to-video, image-to-video and in-video editing, within a native multimodal architecture, enabling adherence to complex narrative logic, automated storyboarding and precise shot-level control while maintaining strong prompt adherence. 

Kling AI (可靈AI)‘s innovations in foundational models and product features have paved the way for widespread commercial applications across professional creative sectors, including marketing, e-commerce, film and television, short plays, animation and gaming. These capabilities have supported stronger adoption among professional creators and enterprise clients globally, accelerating its monetization. In the fourth quarter of 2025, Kling AI (可靈AI) achieved revenue of RMB340 million. Notably, in December 2025, Kling AI (可靈AI)‘s monthly revenue exceeded USD20 million, implying an Annualized Revenue Run Rate (ARR) of USD240 million. At the same time, Kling AI (可靈AI)‘s motion control feature gained significant traction across major global social media platforms, driving widespread discussion and distribution. This momentum broadened Kling AI (可靈AI)‘s reach beyond professional creators to a broader mainstream user base.

In the fourth quarter of 2025, we continued to deepen the impact of large AI models to empower our content and commercial ecosystems while driving further quality and efficiency improvements throughout our organizational infrastructure. In terms of strengthening the foundation of our content ecosystem, we independently developed and open-sourced the multimodal large language model Keye-671B model, which has demonstrated strong capabilities in video comprehension. Meanwhile, we upgraded our short-video and livestreaming content understanding system and launched TagNex, our next-generation tagging system, which enables more accurate content understanding, leading to increased users’ usage time and higher retention rates. In content recommendation, we iterated our end-to-end generative recommendation large model with the launch of OneRec-V2, continuously improving recommendation accuracy. For online marketing services, we further optimized our end-to-end generative recommendation technology. By deeply integrating multi-dimensional business data, we enhanced model performance and improved the precision of online marketing material recommendations. For intelligent bidding technology, we developed a bidding large model built on multi-scenario and multi-objective data. Together, our generative recommendation large models and intelligent bidding models drove roughly 5% growth in domestic online marketing services revenue in the fourth quarter of 2025. While reducing the cost of generating online marketing materials, AIGC technology also unlocked additional budgets from our marketing clients. In the fourth quarter of 2025, the total spending from online marketing services driven by AIGC marketing materials reached RMB4.0 billion.

For e-commerce business scenarios, during the fourth quarter of 2025, we further iterated our end-to-end generative retrieval architecture OneSearch. We introduced editable structured Semantic Identifier tailored to the e-commerce business, enhancing semantic understanding for mid-to-long-tail search queries. This drove a nearly 3% increase in search order volume in shopping mall for the fourth quarter of 2025. In addition, we expanded the applications of end-to-end generative recommendation technology from pan-shelf-based e-commerce scenarios to content-driven scenarios such as livestreaming rooms and short videos, propelling GMV growth in all e-commerce scenarios. For live streaming business scenarios, we further refined the AI Universe (AI萬象) gift customization feature to deliver greater interactivity, more dynamic presentations, and improved visual aesthetics, significantly increasing users’ willingness to send virtual gifts. In terms of organizational efficiency improvement, our proprietary AI coding tool CodeFlicker has become a core intelligent development tool for R&D engineers in their daily work. Currently, over 40% of Kuaishou’s new codes is generated by CodeFlicker.

Our AI businesses advancement is underpinned by our sustained investment and in-depth optimization in computing infrastructure. We have established a self-built data center in Ulanqab, Inner Mongolia, and are progressing steadily with the construction of a new computer center, which will further enhance the operational efficiency of our servers and bandwidth.

User and content ecosystem

In the fourth quarter of 2025, average DAUs on the Kuaishou App reached 407.7 million and MAUs reached 740.7 million, while the average daily time spent per DAU on the Kuaishou App was 126.0 minutes. We are committed to building a vibrant community with distinctive Kuaishou characteristics, continuously strengthening high-quality user growth, differentiated premium content supply, traffic mechanism optimization and interactive scenario development to achieve healthy, sustainable expansion in both user base and platform traffic. To drive high-quality user growth, we refined user acquisition strategies across channels to continually optimize user segments and improve retention rates. We also leveraged AI technology to enhance push strategies, leading to a higher user open rate for the Kuaishou App. In addition, we introduced innovative user retention initiatives that significantly improved ROI.

Harnessing our established capabilities in content operations, we supported the growth of benchmark creators like Xinyu the Ostrich Lady (心雨鴕鳥) and continued to cultivate high-quality content IPs with distinctive Kuaishou characteristics. Rural cultural and entertainment activities, exemplified by the Village Gateway Mini Stage (村口小舞台) empowered rural residents to move from viewers to active on-stage participants, featuring diverse content ranging from intangible cultural heritage performances to agricultural technology demonstrations. These initiatives not only enriched rural cultural life but also provided a new channel for promoting rural culture. We hosted the 6th Anniversary Concert for Teens in Times (時代少年團), which garnered over 680 million live streamings views. Leveraging live streaming, interactive features and AI-powered creative content, we crafted a shared youthful memory that fosters a mutual bond between the fans and idols.

We optimized our traffic mix to increase traffic exposure for top-tier original content, fostering a virtuous cycle between content creation and consumption. In the fourth quarter of 2025, the number of high-quality content uploads increased by more than 15% year-over-year. To further develop engagement scenarios, we continued to innovate private messaging engagement features, driving a year-over-year increase of nearly 3 percentage points in the daily average penetration rate of private messages among users with mutual followers during the fourth quarter of 2025.

Online marketing services

In the fourth quarter of 2025, revenue from online marketing services reached RMB23.6 billion, up 14.5% year-over-year. The accelerated integration and innovative application of AI across diverse online marketing services scenarios not only empowered our ecosystem partners but also created new growth momentum for our online marketing services business.

In the fourth quarter of 2025, within the lifestyle service sector, where clients primarily operate on a lead-based model, we helped clients reach users more efficiently and achieve higher user conversion rates by upgrading our private messaging products and optimizing our algorithms. At the same time, through continued expansion into more industries and client acquisition, we broadened our online marketing client base, driving incremental marketing placements. In addition, as lifestyle service-sector clients are predominantly small and medium-sized merchants, we leveraged AIGC tools to enhance their ability to produce marketing materials, driving further growth in online marketing spending.

In the fourth quarter of 2025, the content consumption sector, led by short plays, comic-style short plays and mini-games, along with the AI application sector, was a key revenue driver for our online marketing services. In the content consumption sector, short plays maintained solid growth momentum. By optimizing marketing materials exposure formats, we increased marketing spending in the short-play vertical. Meanwhile, with deep empowerment of AI technologies, comic-style short plays advanced rapidly. Through comprehensive support programs and the rollout of a comic-style short play AI agent, we further expanded high-quality and diverse content supply to capture emerging growth opportunities. Moreover, amid rising marketing budgets from clients across the AI application vertical, we effectively captured the marketing placement spending from AI application clients.

In the fourth quarter of 2025, for online marketing products, we continued to upgrade offerings, including our Universal Auto X (UAX, 全自動投放) placement solutions, AIGC marketing material solutions, livestream digital human solutions, and digital employee solutions. These enhancements reduced barriers to entry for marketing placement, improved clients’ placement experience, and fueled further growth in online marketing spending. Specifically, in the fourth quarter of 2025, the penetration rate of our UAX placement solutions accounted for nearly 80% of the spending from non-e-commerce marketing services, with its penetration among active non-e-commerce marketing clients exceeding 90%.

For e-commerce marketing services, following our consolidation of e-commerce business and related online marketing services in late September 2025 to enhance traffic synergy, we established our closed-loop capabilities covering traffic, transaction, marketing conversion and merchant services. This initiative was designed to align our platform’s overall revenue growth with merchant mix refinement, enabling e-commerce merchant’s GMV per Mille (GPM) and Cost per Mille (CPM) for e-commerce marketing services to improve in tandem in the fourth quarter of 2025. In the first half of 2025, we completed the capability refinement of our omni-platform marketing solution. In the second half of 2025, we focused more on addressing differentiated scenario needs across diverse customer segments, effectively driving incremental GMV generated for e-commerce merchants across omni-domain scenarios and enhancing business stability. In the fourth quarter of 2025, our omni-platform marketing solutions accounted for a greater share of total spending from e-commerce marketing services, rising further to 75%. In addition, our fully managed auto-placement product combo for small-and medium-sized merchants gained broader adoption and recognition, resulting in a significant increase in spending by these customers. In the fourth quarter of 2025, by continuously optimizing our pan-shelf-based e-commerce scenarios, and strengthening the synergy across omni-domain supply and aligned distribution, our e-commerce marketing services revenue in pan-shelf-based scenarios increased rapidly.

E-commerce

In the fourth quarter of 2025, our e-commerce GMV grew 12.9% year-over-year to RMB521.8 billion. Building on our systematic omni-domain operations strategy, we further integrated the pathway between public-domain traffic conversion and private-domain asset accumulation, supporting the merchants’ stable, sustainable operational development across diverse scenarios. During the fourth quarter of 2025, we continued to empower merchants to expand their private domains and improve operational efficiency, broadening the variety of supply. As a result, the repeat-purchase frequency of active e-commerce users further increased year-over-year. Meanwhile, by strengthening the operations of our key product categories and deepening our understanding of core user needs, we drove continued growth in ARPPU in the fourth quarter of 2025.

In the fourth quarter of 2025, we leveraged the combined strengths of service providers, agencies and industrial zones to broaden our e-commerce supply pipeline. During the fourth quarter of 2025, both newly on-boarded merchants and newly on-boarded active merchants grew year-over-year and quarter-over-quarter, driving our active merchant base to another record high, up 7.3% year-over-year. Furthermore, in the fourth quarter of 2025, we launched the Voyage Initiative (乘風計劃), focusing on in-depth partnerships with top-tier brands in diverse sectors. Through systematic resource empowerment, the initiative aimed to explore mutual growth opportunities for both the platform and the brands. At the end of December 2025, we began to gain preliminary benefits from our high-quality product and content supply, along with a more optimized merchant structure.

In the fourth quarter of 2025, in terms of our livestreaming scenario development, the Pop-Up Follower Red Envelopes initiative (天降漲粉紅包), which was launched in the third quarter of 2025 to drive targeted follower growth, delivered meaningful results. By increasing the streaming frequency of streamers with over 10,000 followers, the program drove a 12.7% year-over-year increase in the number of average daily active streamers hosting live sessions with over 10,000 followers, further strengthening the virtuous cycle between follower growth and transaction performance. Through coordinated operations with agencies and leading KOL organizations, we expanded our KOL supply. To further empower KOLs, our KOL Blockbuster Initiative (達人爆品計劃) targeted on high-demand product categories, serves as an officially selected product pool trusted by both merchants and KOLs. It drives greater KOL participation in distribution and the penetration of KOLs within our distribution pool continued to rise, with the number of active KOLs more than doubling year-over-year. Supported by our platform-endorsed product offerings, mid-tier and small-and medium-sized KOLs were able to overcome product selection challenges and, with platform traffic support, achieve meaningful leaps in operational scale.

In the fourth quarter of 2025, our omni-domain operations ecosystem, including pan-shelf-based e-commerce and short videos, continued to demonstrate steady and resilient development. The contribution of pan-shelf-based e-commerce GMV to total e-commerce GMV remained broadly stable quarter-over-quarter. We continued to expand our supply scale, driving sustained year-over-year and quarter-over-quarter increases in average daily active merchants for pan-shelf-based e-commerce. Super Links (超級鏈接), our official channel for platform-recommended products, reinforced its position as a core operational tool for shelf-based supply, achieving rapid growth during the fourth quarter of 2025. The Super Links (超級鏈接) penetration rate in shelf-based e-commerce product cards rose to 19.1%. We also encouraged merchants to expand omni-domain operations. By leveraging our marketing hosting tools, we guided merchants in content-driven scenarios to transition toward shelf-based operations, significantly increasing the penetration rate of active merchants using our marketing hosting tools quarter- over-quarter. During the fourth quarter of 2025, we further advanced our short-video e-commerce content supply, prioritizing refined merchant-centric operations. By continuously leveraging the synergy between short videos and live streaming, we enriched our high-quality content supply and optimized funnel efficiency. These efforts led to significant growth in short video e-commerce GMV, which continued to outpace overall e-commerce GMV growth.

In the fourth quarter of 2025, we deepened AI integration across e-commerce scenarios, empowering merchants to improve operational efficiency and drive their growth. The broader rollout of OneRec, OneSearch and other large model technologies across e-commerce scenarios continued to generate incremental business gains. In addition, powered by an e-commerce knowledge graph and leveraging large models’ world knowledge and reasoning capabilities, we deepened our foundational understanding of products, videos and users. This enabled more precise long-term user-interest modeling, improved recommendation diversity and drove higher revisit and repeat purchases. E-commerce content generation capabilities also advanced during the fourth quarter of 2025. Features such as livestreaming highlights and AI-assisted content creation further strengthened merchants’ cross-scenario operating capabilities. To improve operating efficiency, we launched an AI-powered order analysis feature during the fourth quarter of 2025, enabling merchants to identify abnormal orders more effectively and reduce pre-shipment refund rates.

Live streaming

In the fourth quarter of 2025, live streaming revenue reached RMB9.7 billion. We remained focused on fostering a healthy live streaming ecosystem during the fourth quarter of 2025, orienting toward high-quality, value-driven content, and reinforcing the platform’s community-centric value. For live streaming supply, we continued intensifying professional operations of our core competitive categories, including group live streaming and multi-host live streaming, while strengthening coordinated development across multiple categories. This enriched our live streaming content operations portfolio and drove sustained improvements on the supply side. Our Grand Stage (直播大舞台) further deepened integration between online and offline live streaming scenarios, supporting the incubation of distinctive streamers on our platform while boosting user engagement. On the product front, powered by Kling AI (可靈AI)‘s video generation capabilities, our AI Universe (AI萬象) gift series with customizable special effects delivered further enhanced interactive experiences, dynamic motion rendering and improved visual aesthetics. As of the end of the fourth quarter of 2025, the number of cumulative AI Universe (AI萬象) gift creations exceeded 1 million. In addition, we expanded the application of AI capabilities in our live streaming rooms, empowering streamers with AI Interaction Assistants (AI互動助手) and AI Digital Avatar Solutions (AI數字分身服務) to improve streamers’ service efficiency. In the fourth quarter of 2025, our “live streaming+” strategy broadened the boundaries of the live streaming ecosystem while also unlocking additional commercial value. Through refined operations, our Ideal Housing (理想家) and Kwai Hire (快聘) businesses delivered both quality enhancements and greater operational efficiency. In the fourth quarter of 2025, the average monthly number of Ideal Housing (理想家) paying clients increased by over 40.0% year-over-year.

Overseas

In the fourth quarter of 2025, we remained firmly committed to our high-value growth strategy, supporting a virtuous cycle across our overseas business. Despite complex market dynamics, we achieved steady growth in overseas business. On the traffic front, while improving customer acquisition efficiency and optimizing our user growth structure, we reinforced community mindshare through signature content offerings, further expanding our core user base. Brazil, our key market for overseas development, maintained stable average DAUs and average daily time spent per DAU. For online marketing services, we captured the industry opportunity arising from global brands’ expansion in Brazil, growing our client base across diverse industries. In addition, we upgraded our products and solutions and actively explored new content-driven marketing scenarios, including short plays, to improve client performance visibility and unlock new growth momentum, supporting our clients’ long-term development. Our e-commerce business in Brazil achieved steady year-over-year growth in GMV and order volume in the fourth quarter of 2025. Supported by AIGC-driven improvements in e-commerce content quality and operational efficiency, and aided by more refined logistics cost management, our profitability improved significantly.

Corporate social responsibility

Kuaishou remains firmly committed to its mission of “connecting good faith with technology and creating long-term values”, dedicated to building a warm, inclusive, and accessible digital community for everyone. Anchored by short videos and live streaming, we advance digital technologies to deeply empower social-development scenarios across employment, entrepreneurship and rural revitalization. By leveraging digital technologies, we enabled more individuals to experience greater fulfillment and well-being, thereby contributing to the development of a more vibrant and supportive society.

Our Happy Lecture Hall (幸福大講堂) project provides practical new media skills training for women, seniors, young entrepreneurs, people with disabilities and other groups. By the end of 2025, the program expanded to cover over 50 counties and cities nationwide, helping nearly 2 million people develop “short video + live streaming” digital skills. We also launched the Future Enlightenment Classroom (啟智未來學堂) project, supporting rural education across multiple regions by donating digital classroom facilities, offering AI courses, hosting technology-focused summer camps and other initiatives. These efforts have strengthened teaching infrastructure in rural schools across diverse regions, creating greater opportunities for teachers and students to access digital learning and explore cutting-edge technologies.

Proposed distribution of 2025 Final Dividend 

The Board is pleased to announce that it has recommended the payment of a final dividend of HK$0.69 per Share for the year ended December 31, 2025, amounting to approximately HK$3.0 billion in total. Subject to the approval of Shareholders at the 2026 AGM, the proposed final dividend will be paid on or around Tuesday, July 28, 2026 to Shareholders whose names appear on the register of members of the Company on Tuesday, July 7, 2026. 

This reflects the Company’s unwavering commitment to enhancing shareholders value and sharing the benefits of the Company’s strong cash flow generation. Looking ahead, the Company will continue to consider various shareholder return measures, including share buybacks and dividend distributions, subject to its business development needs, market conditions and other relevant factors. 

Business Outlook

As AI technologies rapidly evolve, we remain dedicated to advancing our AI strategy and reinforcing Kuaishou’s position as a leading AI-empowered content platform. Guided by our “technology-driven, user-centric” philosophy, we will stay closely attuned to user needs while deepening AI integration to enhance operational efficiency for our merchants and marketing clients. Furthermore, the continuous expansion of AI applications throughout our content and commercial ecosystem will fuel high-quality growth within our core businesses, unlocking broader commercialization opportunities and delivering sustained, long-term value for our users, creators, partners, and shareholders.

About Kuaishou

Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.

Forward-Looking Statements

Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

For investor and media inquiries, please contact

Kuaishou Technology

Investor Relations
Email: ir@kuaishou.com 

 

 

CONSOLIDATED INCOME STATEMENT

Unaudited

Audited

Three Months Ended

Year Ended

December 31,

2025

September 30,

2025

December 31,

2024

December 31,

2025

December 31,

2024

RMB’Million

RMB’Million

RMB’Million

RMB’Million

RMB’Million

Revenues

39,568

35,554

35,384

142,776

126,898

Cost of revenues

(17,749)

(16,120)

(16,261)

(64,227)

(57,606)

Gross profit

21,819

19,434

19,123

78,549

69,292

Selling and marketing expenses

(11,409)

(10,420)

(11,317)

(42,229)

(41,105)

Administrative expenses

(930)

(688)

(866)

(3,343)

(2,916)

Research and development expenses

(4,143)

(3,650)

(3,451)

(14,491)

(12,199)

Other income

74

27

187

170

533

Other gains, net

379

596

592

1,981

1,682

Operating profit

5,790

5,299

4,268

20,637

15,287

Finance (expense)/income, net

(31)

(40)

19

(149)

236

Share of (losses)/profits of investments
  accounted for using the equity method

(9)

3

(1)

(16)

(29)

Profit before income tax

5,750

5,262

4,286

20,472

15,494

Income tax expenses

(516)

(773)

(312)

(1,848)

(150)

Profit for the period

5,234

4,489

3,974

18,624

15,344

Attributable to:

— Equity holders of the Company

5,229

4,488

3,969

18,617

15,335

— Non-controlling interests

5

1

5

7

9

5,234

4,489

3,974

18,624

15,344

 

 

CONSOLIDATED BALANCE SHEET

Audited

Audited

As of December 31,
2025

As of December 31,

 2024

RMB’Million

RMB’Million

ASSETS

Non-current assets

Property and equipment

22,869

14,831

Right-of-use assets

8,545

8,891

Intangible assets

986

1,059

Investments accounted for using the equity method

149

166

Financial assets at fair value through profit or loss

24,100

24,430

Other financial assets at amortized cost

35

62

Deferred tax assets

5,585

6,604

Long-term time deposits

22,015

19,856

Other non-current assets

2,671

1,105

86,955

77,004

Current assets

Trade receivables

8,127

6,674

Prepayments, other receivables and other current assets

7,028

4,646

Financial assets at fair value through profit or loss

42,324

27,050

Other financial assets at amortized cost

9

233

Short-term time deposits

8,630

11,522

Restricted cash

251

47

Cash and cash equivalents

11,180

12,697

77,549

62,869

Total assets

164,504

139,873

 

 

CONSOLIDATED BALANCE SHEET

Audited

Audited

As of December 31,

2025

As of December 31,

 2024

RMB’Million

RMB’Million

EQUITY AND LIABILITIES

Equity attributable to equity holders of the Company

Share capital

Share premium

265,628

268,733

Treasury shares

(602)

(341)

Other reserves

38,873

35,776

Accumulated losses

(224,341)

(242,164)

79,558

62,004

Non-controlling interests

26

20

Total equity

79,584

62,024

Non-current liabilities

Borrowings

11,098

11,100

Financial liabilities at fair value through profit or loss

30

124

Lease liabilities

5,977

6,765

Deferred tax liabilities

241

13

Other non-current liabilities

39

19

17,385

18,021

Current liabilities

Accounts payables

27,209

27,470

Other payables and accruals

29,160

23,113

Advances from customers

4,848

4,696

Borrowings

1,968

Financial liabilities at fair value through profit or loss

5

Income tax liabilities

388

873

Lease liabilities

3,962

3,671

67,535

59,828

Total liabilities

84,920

77,849

Total equity and liabilities

164,504

139,873

 

 

Financial Information by Segment

Unaudited Three Months Ended

December 31, 2025

September 30, 2025

December 31, 2024

Domestic

Overseas

Unallocated
items

Total

Domestic

Overseas

Unallocated
items

Total

Domestic

Overseas

Unallocated
items

Total

RMB’Million

RMB’Million

RMB’Million

Revenues

38,263

1,305

39,568

34,400

1,154

35,554

34,089

1,295

35,384

Operating profit/(loss)

6,065

(59)

(216)

5,790

5,391

(64)

(28)

5,299

4,361

(236)

143

4,268

 

Audited Year Ended December 31,

2025

2024

Domestic

Overseas

Unallocated
items

Total

Domestic

Overseas

Unallocated
items

Total

RMB’Million

RMB’Million

Revenues

137,702

5,074

142,776

122,202

4,696

126,898

Operating profit/(loss)

21,202

(76)

(489)

20,637

16,355

(934)

(134)

15,287

 
 

Reconciliation of Non-IFRS Accounting Standards Measures to the Nearest IFRS Accounting
Standards Measures

Unaudited

Unaudited

Three Months Ended

Year Ended

December 31,

September 30,

December 31,

December 31,

December 31,

2025

2025

2024

2025

2024

RMB’Million

RMB’Million

RMB’Million

RMB’Million

RMB’Million

Profit for the period

5,234

4,489

3,974

18,624

15,344

Adjusted for:

Share-based compensation expenses

669

651

636

2,640

2,349

Net fair value changes on

  investments(1)

(440)

(154)

91

(617)

23

Adjusted net profit

5,463

4,986

4,701

20,647

17,716

Adjusted net profit

5,463

4,986

4,701

20,647

17,716

Adjusted for:

Income tax expenses

516

773

312

1,848

150

Depreciation of property and

  equipment

1,205

1,031

1,093

3,903

4,064

Depreciation of right-of-use assets

814

802

756

3,215

2,972

Amortization of intangible assets

8

21

26

77

104

Finance expense/(income), net

31

40

(19)

149

(236)

Adjusted EBITDA

8,037

7,653

6,869

29,839

24,770

Note:

(1)    Net fair value changes on investments represents net fair value (gains)/losses on financial assets at fair value
        through profit or loss of our investments in listed and unlisted entities, net (gains)/losses on deemed disposals
        of investments and impairment provision for investments, which is unrelated to our core business and operating
        performance and subject to market fluctuations, and exclusion of which provides investors with more relevant
        and useful information to evaluate our performance.

 

 

Heineken Lao Brewery Receives Green Industry Certification

A picture of Heineken Lao Brewery facility that receiving Green Industry certification in Laos that recieved a certificate highlighting

On 24 March, Heineken Lao Brewery Company Limited was awarded the Green Industry Certificate (Level I) by the Department of Manufacturing Industry under the Ministry of Industry and Commerce, marking a step in its environmental and operational standards in Laos.

The recognition makes the company the first brewer in Laos, and one of a small number of businesses nationwide, to receive the certification. It reflects compliance with national regulations and alignment with international sustainability standards.

The company also holds ISO 9001:2015 certification for quality management and ISO 22000:2015 for food safety management in the production of beverages in cans, bottles, and kegs, supporting consistency in product quality and operational processes.

Iina Kaepynen, Managing Director of Heineken Lao Brewery, said that safety, environmental responsibility, and community impact remain key priorities for the company. She said the certification encourages continued collaboration with local authorities and partners to support sustainable growth.

Pisey Hoeung, Supply Chain Director, said the certification reflects the company’s ongoing efforts while highlighting future plans to improve efficiency and expand environmentally focused operations as part of its long-term sustainability commitments.

The certification supports broader efforts to strengthen sustainable industrial development in Laos, as the company continues to invest in production systems, environmental management, and operational efficiency.

Operating in Laos since 2006, Heineken Lao Brewery produces a range of beverage products and contributes to the local economy through manufacturing, employment, and skills development. The company also implements initiatives related to community development, environmental protection, and responsible consumption.

Save the Children Hong Kong’s “Heart to Heart Parent-Child Programme” Helps Parents Build Warmth and Boundaries for Children

From Authority to Companion: The Positive Parenting Journey of First-time Parents

HONG KONG SAR – Media OutReach Newswire – 25 March 2026 – For many families in Hong Kong, parenting can feel like a constant tug‑of‑war between time, stress and emotions. The Heart to Heart Parent‑Child Programme of Save the Children Hong Kong is a parent and child support programme that aims to help parents build confidence and skills in practising positive parenting and non‑violent communication, enabling children to feel respected, develop awareness of self‑protection, and strengthen parent‑child and family relationships.

The couple hopes to learn positive parenting through the programme, fostering a family relationship built on mutual respect.
The couple hopes to learn positive parenting through the programme, fostering a family relationship built on mutual respect.

Watch video interview: https://savethechildren.click/H2H_AppleCheukStory_PR

With demanding work commitments, parents often strive to provide for their children materially yet may lack the time or energy to truly understand one another’s feelings — which can strain family relationships.For Cheuk and Apple, parents of a four‑year‑old boy, becoming mum and dad gradually made them realise how deeply their own childhood experiences — growing up under scolding, pressure and emotional suppression, have shaped the way they now interact with their son. “In the past, whenever a problem came up, my first instinct was always to fix it straight away,” Cheuk recalled. Influenced by his upbringing, Cheuk often tackled conflicts by issuing instructions or letting emotions take charge, sometimes overlooking how his child or partner might feel in the moment. Apple shares that a lack of understanding and emotional support in her own childhood also affected how relationships are formed later in life. “I didn’t want to repeat that same pattern,” Apple explains. This reflection motivated the couple to join Save the Children Hong Kong’s Heart to Heart Parent‑Child Programme, breaking the cycle of traditional punitive discipline.

Building Loving Family and Daily Routine: Learning to Parent, Rediscovering Oneself

The Heart to Heart Parent‑Child Programme is a parent and child support programme based on Save the Children’s child protection framework, which has been implemented in over 40 countries worldwide. Adapted for Hong Kong, the programme has so far served more than 700 parents and caregivers and over 1,000 children. It aims to help parents build confidence and skills in practising positive parenting and non‑violent communication, enabling children to feel respected, develop awareness of self‑protection, and strengthen parent‑child and family relationships.

Programme facilitator Janet notes that many parents genuinely value their relationship with their children—”they want to do well but don’t know how”. Under heavy social and work pressure, it is easy for parents to fall back on familiar but unhealthy forms of discipline.

“Positive parenting does not mean spoiling.” Janet explained that the approach emphasises both family warmth and guidance with structure, which means acknowledging children’s emotions and needs, while also setting clear and safe boundaries. This helps children feel understood and, at the same time, learn appropriate behaviour and social norms.

Facilitator Janet explains that the programme emphasises both “family warmth” and “guidance with structure”.

In the parent group, Cheuk and Apple were introduced to many new concepts, such as “address feelings first, then deal with the problem” and the “Iceberg Theory” for identifying the underlying causes behind emotional outbursts. These concepts, which at first seemed abstract, gradually became practical and actionable through the four‑session parent workshop combining discussions and real‑life examples.

Parallel Learning for Parents and Children: Helping Children Put Emotions into Words

Parents are introduced to practical tools in the programme to help children recognise and express their feelings. One of these tools is the use of picture books and art activities.

“Colours and drawings can be a language for children,” Janet shared. Through picture books, parents and children can build a shared emotional language. For example, using colours to describe anger, calmness, or uneasiness helps children articulate their feelings more easily.

Apple shared that picture books and drawing created new opportunities for conversation. Even though her son is still young, “when we really sit down and listen, he does express himself.” The programme also includes parallel groups for children aged 6–12, allowing parents and children to learn positive communication together.

The children’s group uses picture books and art activities as tools to teach children to recognise and express emotions.

A small episode during the interview at the park perfectly illustrated how the family practises positive parenting. When their son had a tantrum after struggling with a drawing, Apple did not scold him and said calmly instead, “We wouldn’t know unless you teach us,” and expressed her feelings by saying, “When I see you losing your temper, I feel really upset.”

By expressing emotion from Apple’s own perspective, her son calmed down, shared what he needed, and with Cheuk’s help, the family continued enjoying their time together. Janet praised the couple’s patience. “They communicate honestly and share their feelings. These are the important elements in positive parenting.”

Apple and Cheuk patiently listened during their son’s emotional outburst, successfully soothing him and understanding his needs.

A Hug Speaks Louder Than Words: Positive Communication Strengthens Family Bonds

After learning positive parenting, they found that it not only improved their relationship with their son, but also strengthened their relationship as a couple. “Whether it’s with my child or my wife, paying attention to their emotions is so important,” Cheuk reflected. “Before, I just wanted to fix problems, but now I understand that sometimes the best response is simply a hug.”

For the couple, parenting is no longer just about “discipline” but a shared journey of companionship.

Apple said the mother and son now relate to each other as companions, supporting and growing alongside one another. “We’re not trying to raise a child who fits some standard answer,” Apple says. “We want him to be someone who can feel love, understand himself, and respect others.” That wish perfectly embodies the core spirit of Heart to Heart Programme.

For Apple and Cheuk, parenting is no longer just about discipline, but about becoming companions on a shared journey of growth.

Kalina Tsang, CEO of Save the Children Hong Kong, expressed her delight in witnessing Apple and Cheuk’s change:

“We are seeing more and more parents realise the importance of non‑violent communication and positive parenting. This not only improves parent‑child relationships but also effectively reduces emotional outbursts and the risk of escalating conflict. These changes are an essential first step in preventing child abuse.

With the implementation of the Mandatory Reporting of Child Abuse Ordinance, an important safety net is now in place for children. Yet this is only the starting point, not the end. We must also focus on prevention and education, helping families reduce risks before problems arise. Save the Children Hong Kong holds an uncompromising belief in non‑violent, positive parenting as the most effective approach to prevention.

Protecting children is a responsibility shared by the whole community, and we will continue to support Hong Kong families to ensure that every child grows up in safety, with respect and love.”
Hashtag: #SavetheChildrenHongKong #香港救助兒童會 #positiveparenting #正向管教 #childprotection #保護兒童




YouTube:

The issuer is solely responsible for the content of this announcement.

About Save the Children Hong Kong

Save the Children believes every child deserves a future. In Hong Kong and around the world, we do whatever it takes – every day and in times of crisis – so children can fulfil their rights to a healthy start in life, the opportunity to learn and protection from harm. With over 100 years of expertise, we are the world’s first and leading independent children’s organisation – transforming lives and future.

Established in 2009, Save the Children Hong Kong is part of the global movement which operates in around 100 countries. We work with children, families, schools, communities and our supporters to deliver lasting change for children in Hong Kong and around the world.

Visit our , or follow us on , , , and .

Natural Diamonds Dazzle on The Red Carpet at The 98th Academy Awards

Today’s biggest stars express individuality and confidence with natural diamonds

LOS ANGELES, US – Media OutReach Newswire – 25 March 2026 – The 98th annual Academy Awards took place March 15th at the Dolby Theatre in Los Angeles, California, effectively ending awards season with an unforgettable evening. The most notable actors in the world showcased the most classic, refined and distinctive diamond jewelry looks of the season. Below, we highlight the standout trends from the event.

From left to right: Chase Infiniti, Rose Byrne, Keltie Knight, Barbie Ferreira (Photo Credits: Getty Images)
From left to right: Chase Infiniti, Rose Byrne, Keltie Knight, Barbie Ferreira (Photo Credits: Getty Images)

Desert diamonds
Once again Desert diamonds were front and center, further confirming it as the standout diamond trend of the season. Rose Byrne wore the most important diamond high jewelry of the year in a sculptural torque necklace featuring a 22.58 carat fancy yellow-brown pear-shaped Desert diamond, and an Arizona Blue ceramic and 18k rose gold ring centering a 16.54 Ashoka-cut diamond sourced from Botswana, both one-of-a-kind pieces by legendary design house TAFFIN. Chase Infiniti wore the ‘Summer’ Choker Necklace from De Beers London’s Metamorphosis 2023 Couture Collection, featuring a fancy intense yellow cushion diamond at its center; Drops of Light fancy vivid yellow pear-shaped diamond jacket earrings; and Aura fancy yellow cushion-cut Diamond Line Bracelet all by De Beers London. Barbie Ferreira wore the Arpeggia Three Line Diamond Necklace with varying shades of sunlit white and yellow diamonds, and Talisman Chandelier Diamond Earrings featuring yellow rough diamonds and white polished diamonds, both from De Beers London. Keltie Knight wore fancy intense yellow Asscher-cut diamond drop earrings , a fancy yellow radiant-cut diamond ring, and a smoky yellow-brown diamond ring, all by Premier Gem.

Closely cropped necklaces
Closely cropped diamond necklaces in the form of torques, chokers and collars emerged as a defining styling choice, framing the neckline with brilliance and sculptural elegance. Jessie Buckley embraced the trend in a closely cropped diamond necklace by Chanel, while Elle Fanning selected a striking collar-style design by Cartier shaped like cascading wisteria, blending nature-inspired artistry with high jewelry craftsmanship. Kylie Jenner opted for a bold interpretation with an oversized diamond cluster necklace by Lorraine Schwartz, delivering maximum impact through scale and sparkle, while Arden Cho wore a stunning choker in the shape of feathers by Messika. Kate Hudson also leaned into the silhouette with a collar necklace by Garatti High Jewelry, reinforcing the growing prominence of diamond pieces worn close to the collarbone.

Diamond Brooches
Brooches made a confident return to the red carpet, emerging as one of the evening’s most expressive accessories. Hudson Williams, among the first actors to arrive, helped set the tone in a sparkling brooch by BVLGARI. Jeremy Pope embraced the trend with multiple brooches by Anabela Chan Jewelry, while Damson Idris wore a custom piece from his own brand, DIDRIS. The styling momentum of sparkling diamonds against black tie continued across the carpet, with Fortune Feimster, Milo Manheim, Kumail Nanjiani, Joe Alwyn, Kieran Culkin, Wagner Moura, and Raphael Saadiq all incorporating brooches into their looks. Channing Tatum and Shaboozey also participated in the diamond brooch trend, with Shaboozey notably wearing two brooches, including one styled as a neck closure, highlighting the accessory’s renewed versatility and modern appeal.

Hashtag: #adiamondisforever #naturaldiamonds #diamonds #Desertdiamonds #VanityFair #Oscars




The issuer is solely responsible for the content of this announcement.

About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services via De Beers Institute of Diamonds and a wide range of diamond sorting, detection and classification technology systems via De Beers Group Ignite. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal

opportunities for all. De Beers Group is a member of the Anglo American PLC group. For further information, visit .

TrendAI™ Secures the OpenClaw-Driven AI Era

Introducing new security solution designed for the rapidly emerging era of agentic AI


HONG KONG SAR – Media OutReach Newswire – 25 March 2026 – TrendAI™, the enterprise AI security leader, today introduced TrendAI™ Agentic Governance Gateway, a new security solution engineered to give organizations visibility and control over autonomous agent interactions to strengthen security where systems interact across data, tools, and environments with increasing autonomy.

To learn more about TrendAI™ and TrendAI™ Agentic Governance Gateway, visit: trendaisecurity.com.

Rachel Jin, CPBO and Head of TrendAI™: “Tools like OpenClaw show just how powerful and accessible this new model has become. Organizations need to deploy these systems to unlock the next wave of productivity, and many already are, often without centralized oversight. TrendAI™ Agentic Governance Gateway enables this by providing visibility, control, and confidence.”

Traditional cybersecurity is built to protect endpoints, networks, and applications. In contrast, agentic AI systems operate across dynamic chains of interaction where agents, models, APIs, and data continuously exchange information and trigger actions.

Eva Chen, CEO of Trend Micro: “As AI systems become more autonomous, security must evolve from protection to governance. This is the next frontier of cybersecurity and the focus of TrendAI™.”

TrendAI™ Agentic Governance Gateway is a new way to address the emerging security gap created by agentic AI systems, such as OpenClaw, where autonomous agents act across enterprise environments without clear security control points. This was demonstrated last week at NVIDIA GTC, where a fundamentally new attack surface was highlighted – one that traditional security models were not designed to control: Autonomous agentic frameworks, such as OpenClaw, accelerating enterprise adoption of AI systems capable of planning, executing, and coordinating actions across workflows at machine-speed. There has never been a more critical business-level need than understanding and governing how agentic systems behave, and what actions they are taking. The orchestration required to monitor this attack surface created complex, multi-step workflows across enterprise systems until now.

According to Forrester, “AI agents are proliferating across workflows, but security programs built for human-centric architectures fail in agentic environments. These agents operate with dynamic reasoning, ephemeral identities, and goal-driven autonomy, creating unpredictable attack paths. Risks to agentic architectures include intent hijacking and cascading hallucinations that extend beyond confidentiality to integrity and availability. Without guardrails, enterprises risk regulatory violations, financial loss, and disclosure events from agentic security issues.” 1

TrendAI™’s Agentic Governance Gateway allows enterprises to focus on the behavior, interactions, and outcomes of AI systems in real-world environments. TrendAI™ Agentic Governance Gateway is delivered through the TrendAI Vision One™ platform, building on TrendAI™’s existing strengths, including AI-driven analytics to detect anomalous behavior and emerging threats, and a unified approach that correlates context across endpoints, cloud, applications, and AI systems.

TrendAI™’s Agentic Governance Gateway enables enterprises to:

  • Gain visibility into how agents interact across systems
  • Understand the context and intent behind agent communications to identify risky or unintended actions
  • Enforce policy and control over agent-driven actions
  • Introduce human oversight at critical decision points
  • Simulate governance decisions before deployment — previewing the full policy impact without executing it
  • Stage, preview, and roll back governance changes through a managed lifecycle

With these new advanced capabilities, TrendAI™ is enabling organizations to secure the critical interaction layer – the dynamic communication fabric where autonomous systems coordinate, make decisions, and drive enterprise actions. By establishing robust oversight and control at this pivotal layer, TrendAI™ ensures that agentic interactions are visible, governed, and trusted, effectively closing the security gap in agent-driven AI environments.

TrendAI™ is the enterprise business unit of Trend Micro Incorporated (TYO: 4704; TSE: 4704).

1: The AEGIS Agent-On-A-Page Template For Agentic Security, Forrester Research, Inc., Feb 13, 2026.
Hashtag: #trendai #trendmicro #trendvisionone #trendaivisionone #visionone #cybersecurity





The issuer is solely responsible for the content of this announcement.

About TrendAI™

TrendAI™, a global leader in AI security, empowers enterprises to innovate fearlessly by securing AI, cloud, networks, endpoints, and data across the modern attack surface. At the core is TrendAI Vision One™, a unified cybersecurity platform that centralizes cyber risk exposure management and security operations to protect the entire AI lifecycle from infrastructure to models to users. The platform is fueled by world-class threat intelligence and insights that protect organizations from hundreds of millions of threats every day. With 6,000 TrendAI™ experts across 75 countries, TrendAI™ empowers security leaders to stay ahead of threats, driving proactive security outcomes across the entire attack surface. This includes critical environments like AWS, Google, and Microsoft. AI Fearlessly.

Advancing citizen-first public services through AI and digital transformation

BARCELONA, Spain, March 25, 2026 /PRNewswire/ — A news report from SmartCitiesWorld

With governments worldwide turning to AI-driven digital transformation, Huawei took centre stage to explore how integrated platforms, data intelligence and “chattoprocess” innovations are reshaping service delivery, boosting efficiency and raising satisfaction across the public sector.

Governments across the world are under growing pressure to deliver faster, more accessible and more transparent services for citizens. Driven by ageing populations, rising citizen expectations and budget constraints, administrations are having to rethink how public services are designed and delivered – and AI-enabled digital solutions are helping their cause.

Together, these challenges, plus their potential solutions, were a central focus at the Global AI+ Public Service Summit, held by Huawei Government Public Services Digitalization BU during Mobile World Congress Barcelona 2026 (MWC). During the Summit, public sector leaders, technology experts and policymakers gathered to discuss how digitalization and AI can transform government services and improve the daily lives of citizens.

As Saeed Xia, President of Huawei Global Public Service BU, explained during the Summit at MWC, the scale of the challenge is global. “Governments worldwide face fragmented portals, limited online services, long processing times, and poor experiences due to data silos, lack of integration, and weak digital-intelligent capabilities,” he said.

Huawei's Saeed Xia presents onstage at MWC 2026
Huawei’s Saeed Xia presents onstage at MWC 2026

These structural barriers have real consequences for citizens, such as long waiting times, repetitive paperwork and complex administrative processes. These issues can undermine trust and reduce satisfaction with public services, which is why addressing these issues has become a central pillar of national digital transformation strategies.

Digital government as a strategic priority

Digital government programmes are designed not only to improve service delivery but also to strengthen governance, reduce costs and increase transparency. 

According to Xia, these efforts are about more than simply adopting new technologies: “Digital transformation of government is a global imperative, with three core goals – boosting international influence and economic growth, modernising governance to cut costs and build trust, and improving public services to raise citizen satisfaction.” 

Citizens increasingly expect convenient, personalised public services available on mobile devices at any time, moving away from traditional, bureaucratic approaches. To achieve this, governments must move beyond isolated digital projects and instead build integrated platforms that connect departments, data and services. 

A blueprint for AI-driven public services

During the Summit, Huawei unveiled its Global Public Service Solution, designed to support governments in building intelligent, citizen-centred service systems. 

The solution provides a blueprint for how countries can modernise public service delivery using digital infrastructure, data platforms and AI-powered applications. At its core is an architecture built on the idea of “1 digital foundation + 1 intelligent platform + N industry applications”, with the goal to create a service environment that is seamless, efficient and accessible across multiple channels. 

An illustration of the architecture of Huawei's Global Public Service Solution
An illustration of the architecture of Huawei’s Global Public Service Solution

Xia described the vision as one where public services become truly citizen-first: “The ideal public service is people-oriented, efficient and transparent. It provides 24/7 one-stop services across channels, with online-offline integration, paperless and single-visit completion,” he said. 

This model aims to simplify the citizen experience by enabling users to access multiple services through unified portals, mobile apps, kiosks or service centres. Instead of navigating multiple agencies and forms, citizens can complete complex processes through a single digital interface.

Huawei’s approach also focuses heavily on data integration and AI capabilities. The architecture includes a service platform for online service delivery, a data platform for secure data management and governance, and an AI platform capable of supporting applications such as natural language processing, digital assistants and automated approvals.

AI and the emergence of “chat-to-process” services

Governments are increasingly using AI-powered chatbots, voice assistants and automated verification tools to speed up routine interactions and improve service delivery.

Huawei envisions “chat-to-process” services, enabling citizens to complete administrative tasks simply by interacting with an AI interface. This streamlines government interactions – citizens can state their needs in natural language instead of dealing with forms or websites. Public administrations also benefit from reduced manual work and faster approvals – with Huawei estimating this can raise citizen satisfaction and management efficiency by about 30 per cent.

One example comes from Shenzhen, where the government’s iShenzhen app includes an intelligent AI assistant which supports enquiries and queries related to more than 50 topics across 4,000 common public services for citizens – including childbirth and adoption, social security and human resources, work safety, establishment and alteration of enterprises, and more. 

A look at how Shenzhen's AI chatbot supports citizen outcomes
A look at how Shenzhen’s AI chatbot supports citizen outcomes

Known as Shenxiao i, the assistant features capabilities for intelligent Q&A, chatting and handling, and intelligent policy services. Its intention recognition rate – its ability to understand the purpose or goal of an enquiry – is around 97 per cent, with a response rate of more than 97 per cent, and accuracy of response over 94 per cent. Altogether, this drastically reduces the time it takes for citizens to find answers to their queries. Previously, for example, citizens needing to know which documents they’d need to set up a newborn child’s medical insurance would have needed to call a hotline. Now, the answer can be obtained in seconds through the iShenzhen app.

Shenzhen Longgang as a global demonstration site

To illustrate how AI-powered public services can work in practice, Huawei and the Shenzhen Longgang Government Service Center have jointly launched the Shenzhen Longgang AI+ Public Service Global Demonstration Site.

The initiative showcases how digital platforms and AI technologies can transform service delivery across multiple levels of government. The demo site integrates services across district, street, community and campus levels to illustrate what a seamless administrative experience is like, combining intelligent service systems with integrated approval processes.

The project is designed to show how digital transformation can reduce waiting times and simplify citizen interactions. For example, the system’s intelligent customer service platform uses large language models to integrate hotlines, service counters and self-service resources. Integrating these allows citizens to access support through their preferred channels while ensuring consistent responses.

The platform has achieved a hotline connectivity rate of 98 per cent to date, while AI-powered verification systems have pushed approval accuracy to more than 95 per cent. These results illustrate the potential for AI to transform everyday government services, from licensing and permits to social services and administrative requests.

Toward citizen-first government services

Through discussion at Global AI+ Public Service Summit at MWC, and Huawei’s latest releases and announcements, it’s clear that successful public service reform must start with the needs of citizens.

Technology can enable new capabilities, but its real value lies in improving everyday interactions between citizens and government institutions. During the Summit, Xia emphasised that the ultimate objective of digital government is to make public services simpler, faster and more accessible. Huawei’s approach focuses on creating what it describes as “anytime, one-stop, proactive public service” systems – platforms that allow citizens to complete services efficiently while enabling governments to operate more intelligently.

For governments facing growing demands and limited resources, this approach can play a crucial role in maintaining trust and improving public service outcomes. At the same time, the challenge will be ensuring that innovation remains aligned with public needs.

It is beyond doubt that AI and digital platforms are playing increasingly important roles in shaping the future of government, but the guiding principle behind their adoption must remain clear. As Xia concluded during the Summit, with a reminder drawn from democratic tradition, the purpose of government services ultimately remains unchanged – to serve the people. 

Arrow Global launches Arrow Global Insurance

Arrow unlocks a new institutional investment opportunity by extending its private credit and real assets platform into specialty insurance

LONDON, March 25, 2026 /PRNewswire/ — Arrow Global Group (“Arrow”), a leading pan-European investment manager specialising in private credit and real estate, today announces the launch of Arrow Global Insurance (“AGI”), a new business vertical designed to capture institutional investment opportunities across the insurance value chain.

Zach Lewy, Chief Executive Officer and Chief Investment Officer of Arrow Global Group
Zach Lewy, Chief Executive Officer and Chief Investment Officer of Arrow Global Group

AGI has been established as a strategic extension of Arrow’s existing investment platform, enabling the Group to deploy its underwriting, structuring and capital management expertise into the insurance market. The platform is focused exclusively on specialist, non-catastrophe insurance lines where outcomes depend on deep analysis, bespoke risk assessment and disciplined capital allocation. It does not operate in climate, life or consumer insurance markets.

AGI brings together origination, underwriting and investment within a single, integrated structure. By controlling key elements of the insurance value chain, including underwriting and risk-bearing capital at scale, Arrow is able to capture multiple sources of return, including underwriting margin, fee income and investment returns on insurance premiums, creating a scalable, capital-efficient opportunity set for its investors, supported by substantial institutional capital from inception.

AGI focuses on property, casualty and specialty insurance, initially including after-the-event insurance, contingent and transactional risks, credit risks and surety products. These lines support complex legal and financial activities that are often underserved by traditional insurers and are increasingly relevant to corporate and private capital participants seeking greater certainty and more effective risk transfer.

As part of the platform, in 2024 Arrow founded a new managing general agent, Toremis Specialty (“Toremis”), part of Legatus Group, to underwrite identified legal and transactional risks. Toremis’ insurance capacity is supported by a reinsurer, Halldora Re Ltd (“Halldora Re”), founded in 2025 by Arrow and capitalised by institutional investors and funds managed by Arrow. Halldora Re has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) by AM Best, with a stable outlook. AM Best cited Halldora Re’s very strong balance sheet strength, conservative investment strategy, limited business risk profile and appropriate enterprise risk management framework, providing independent validation of the platform’s robustness.

AGI actively seeks out products in fragmented markets characterised by bespoke risk analysis, limited competition and constrained underwriting capacity. Arrow’s long-standing experience in complex credit, litigation-related assets and real estate allows it to originate and underwrite these risks and structure solutions with agility and flexibility often beyond that of traditional insurers. This local specialist expertise, applied in complex and fragmented markets, underpins a strategy designed to generate attractive margins and returns on equity. For Arrow’s investors, this creates access to differentiated return streams that are largely uncorrelated with traditional credit and equity markets.

Zach Lewy, Chief Executive Officer and Chief Investment Officer of Arrow Global Group, said:

“Arrow Global Insurance provides opportunities for our investors to access the global specialty insurance market by utilising Arrow’s expertise. This is a fragmented market with growing demand for specialist risk solutions, and we believe that controlling the value chain allows us to generate attractive returns through a highly aligned and efficient operating network.”

Dan Adams, Managing Director and Head of Insurance at Arrow Global Group, added:

“The opportunity in specialty insurance lies in embracing complexity. We have built the AGI model to do this at scale, combining technical expertise, underwriting agility and institutional capital. The AM Best rating for Halldora Re validates the strength of the platform and supports our ability to grow responsibly alongside our investors.”

Arrow Global Group

Founded in 2005, Arrow Global is a leading European alternative asset manager with a vertically integrated investment model across private credit and real estate. Arrow owns 25 best-in-class asset management and servicing platforms, enhancing operational efficiency and maximising asset value across market cycles.

With key European regulatory licences, Arrow manages approximately €125 billion in third-party AUM, with a track record of over €14 billion invested over the past 20 years. The company operates across Western Europe, with headquarters in London and offices in major financial centres including Paris, Milan, Madrid, Berlin, Amsterdam, Dublin, Luxembourg, and Lisbon.

For more information, visit www.arrowglobal.net

Dan Adams, Managing Director and Head of Insurance at Arrow Global Group
Dan Adams, Managing Director and Head of Insurance at Arrow Global Group

 

Blockchain.com Opens Malta Office to Anchor European Operations

The new office strengthens Blockchain.com’s presence in Malta as the company scales regulated retail and institutional services across Europe

VALLETTA, Malta, March 25, 2026 /PRNewswire/ — Blockchain.com announced today the official opening of its Malta office, marking the next step in the company’s European expansion and its long-term commitment to building regulated digital asset infrastructure across the region.

The new office will serve as a strategic hub for Blockchain.com’s operations across Europe following the company securing its Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA). The license enables Blockchain.com to passport regulated crypto brokerage services across the European Economic Area under the EU’s first comprehensive digital asset regulatory framework.

“We didn’t pick Malta by accident. Malta has taken a thoughtful and forward-looking approach to digital asset regulation,” said Nic Cary, Co-founder and Vice Chairman at Blockchain.com. “At Blockchain.com, we’ve spent over a decade building a brand of trust and integrity, and we’re bringing that same professional-grade standard to users across Europe. This office represents our commitment to building trusted, compliant infrastructure for the crypto market.”

Blockchain.com’s Malta office will support a range of functions including regulatory engagement, operational development, and retail client services across the European market. The company will soon launch its institutional business, partnering with some of the region’s leading licensed firms.

Blockchain.com operates in more than 70 jurisdictions worldwide. Since 2011, Blockchain.com has processed over $1.2 trillion in crypto transactions, created more than 90 million wallets, and verified over 40 million users. As a global crypto brokerage, Blockchain.com provides individuals and institutions with secure access to digital assets while maintaining a strong commitment to compliance, transparency and security.

About Blockchain.com
Blockchain.com is connecting the world to the future of finance. The global leader in crypto services helping millions across the globe access cryptocurrency. Since its inception in 2011, Blockchain.com has earned the trust of more than 90 million wallets and over 40 million verified users, and has facilitated over $1.2 trillion in crypto transactions. Visit Blockchain.com for more information.

Media Contact: press@blockchain.com