Nomura published a research report stating that Kuaishou's second-quarter results were in line with expectations, but its core business slowed faster than expected. As a result, the bank maintained its “neutral” rating but lowered the target price from HK$51 to HK$40.

Nomura published a research report stating that Kuaishou's second-quarter results were in line with expectations, but its core business slowed faster than expected. As a result, the bank maintained its “neutral” rating but lowered the target price from HK$51 to HK$40.