On June 16, Kuaishou-W fell 3.24% in regular trading, trading at HK$44.8 per share, with turnover of HK$326 million. The decline came amid growing market concerns over decelerating e-commerce growth during the 618 shopping festival.

On the news front, Goldman Sachs recently released an assessment report on Kuaishou's 618 e-commerce festival performance, indicating a slight slowdown compared to the March 8 shopping event. While shelf-based e-commerce remained a highlight, contributing over 25% of GMV during the festival period, overall growth momentum appeared under pressure. The market continues to monitor risks surrounding Kuaishou's decelerating core metrics, single-app ecosystem concentration, and intensifying competition in the live-stream e-commerce space.

Within the Interactive Media & Services sector, the broader group traded lower. Among peers, Tencent fell 1.52%, Baidu-SW fell 2.96%, Bilibili-W fell 3.39%, Meitu fell 3.96%, and Newborntown fell 3.20%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)