Kuaishou Technology vs LY: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Kuaishou Technology (1024.HK)

Q3 202617 Jun – 19 Aug 2026

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Kling AI funding and talent losses, Tencent stake sale, weak Q2 profit

General Atlantic in talks to lead Kling AI funding at $18B valuation Kuaishou is restructuring its AI video unit Kling for outside investment, with General Atlantic in early talks to lead a round of over $2 billion. Kling's revenue is growing fast. A deal could unlock value and support a future IPO, lifting Kuaishou shares.
This is a new event that could unlock value and directly affect Kuaishou's stock price.
Tencent sells 7.5% Kuaishou stake at a discount Tencent is selling about 273 million Kuaishou shares for up to $1.55 billion at a 3-6% discount. A large shareholder selling a big block often pushes the stock down because it adds supply and can signal reduced confidence.
This is a new, major capital event that pressures Kuaishou's stock price.
MiniMax launches cheaper open-weight H3 video model MiniMax released H3, a video-generation model that can make 2K clips with sound at less than a third of rival costs, and will share its underlying code. This heats up competition for Kling AI, which could slow Kling's growth and weigh on Kuaishou's shares.
This is a new competitive threat that could hurt Kling AI's market position and Kuaishou's valuation.
Kling AI loses core engineers as IPO clock ticks Two key Kling AI engineers left, the third such exit in under a year. Kling faces strong competition from ByteDance's Seedance 2.0 and has a 2031 IPO deadline with investor redemption terms. Talent loss raises uncertainty about Kling's future and pressures Kuaishou stock.
This is a new negative development that weakens a key asset and adds risk to Kuaishou's AI story.
Q2 revenue up 1.4% but profit falls sharply Kuaishou's Q2 revenue rose slightly to RMB35.5 billion, but profit dropped to RMB3.2 billion from RMB4.9 billion a year earlier. Adjusted net profit also fell. Slower growth and lower profit disappoint investors and weigh on the stock price.
This is a new earnings report that directly shows weaker profitability, a key driver for the stock.

July 202617 Jun – 19 Aug 2026

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Kling AI funding and talent losses, Tencent stake sale, weak Q2 profit

General Atlantic in talks to lead Kling AI funding at $18B valuation Kuaishou is restructuring its AI video unit Kling for outside investment, with General Atlantic in early talks to lead a round of over $2 billion. Kling's revenue is growing fast. A deal could unlock value and support a future IPO, lifting Kuaishou shares.
This is a new event that could unlock value and directly affect Kuaishou's stock price.
Tencent sells 7.5% Kuaishou stake at a discount Tencent is selling about 273 million Kuaishou shares for up to $1.55 billion at a 3-6% discount. A large shareholder selling a big block often pushes the stock down because it adds supply and can signal reduced confidence.
This is a new, major capital event that pressures Kuaishou's stock price.
MiniMax launches cheaper open-weight H3 video model MiniMax released H3, a video-generation model that can make 2K clips with sound at less than a third of rival costs, and will share its underlying code. This heats up competition for Kling AI, which could slow Kling's growth and weigh on Kuaishou's shares.
This is a new competitive threat that could hurt Kling AI's market position and Kuaishou's valuation.
Kling AI loses core engineers as IPO clock ticks Two key Kling AI engineers left, the third such exit in under a year. Kling faces strong competition from ByteDance's Seedance 2.0 and has a 2031 IPO deadline with investor redemption terms. Talent loss raises uncertainty about Kling's future and pressures Kuaishou stock.
This is a new negative development that weakens a key asset and adds risk to Kuaishou's AI story.
Q2 revenue up 1.4% but profit falls sharply Kuaishou's Q2 revenue rose slightly to RMB35.5 billion, but profit dropped to RMB3.2 billion from RMB4.9 billion a year earlier. Adjusted net profit also fell. Slower growth and lower profit disappoint investors and weigh on the stock price.
This is a new earnings report that directly shows weaker profitability, a key driver for the stock.

Latest17 Jun – 19 Aug 2026

▼4▲1

Kling AI funding and talent losses, Tencent stake sale, weak Q2 profit

General Atlantic in talks to lead Kling AI funding at $18B valuation Kuaishou is restructuring its AI video unit Kling for outside investment, with General Atlantic in early talks to lead a round of over $2 billion. Kling's revenue is growing fast. A deal could unlock value and support a future IPO, lifting Kuaishou shares.
This is a new event that could unlock value and directly affect Kuaishou's stock price.
Tencent sells 7.5% Kuaishou stake at a discount Tencent is selling about 273 million Kuaishou shares for up to $1.55 billion at a 3-6% discount. A large shareholder selling a big block often pushes the stock down because it adds supply and can signal reduced confidence.
This is a new, major capital event that pressures Kuaishou's stock price.
MiniMax launches cheaper open-weight H3 video model MiniMax released H3, a video-generation model that can make 2K clips with sound at less than a third of rival costs, and will share its underlying code. This heats up competition for Kling AI, which could slow Kling's growth and weigh on Kuaishou's shares.
This is a new competitive threat that could hurt Kling AI's market position and Kuaishou's valuation.
Kling AI loses core engineers as IPO clock ticks Two key Kling AI engineers left, the third such exit in under a year. Kling faces strong competition from ByteDance's Seedance 2.0 and has a 2031 IPO deadline with investor redemption terms. Talent loss raises uncertainty about Kling's future and pressures Kuaishou stock.
This is a new negative development that weakens a key asset and adds risk to Kuaishou's AI story.
Q2 revenue up 1.4% but profit falls sharply Kuaishou's Q2 revenue rose slightly to RMB35.5 billion, but profit dropped to RMB3.2 billion from RMB4.9 billion a year earlier. Adjusted net profit also fell. Slower growth and lower profit disappoint investors and weigh on the stock price.
This is a new earnings report that directly shows weaker profitability, a key driver for the stock.

LY Corporation (4689.JP)

Q3 20267 Jul – 6 Oct 2026

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LY Corp Q3: Strong Earnings, PayPay Deal, But Kakaku.com Bid Battle

Strong Q1 earnings and raised guidance Q1 revenue rose 13.1% and profit 23.1%, with Media, Commerce, and fintech growing. Management expects to beat full-year guidance, signaling broad-based momentum.
This is the core positive fundamental driver for the quarter.
PayPay–Seven & i alliance PayPay’s alliance with Seven & i links 75 million users to about 22,000 stores, supporting long-term growth in fintech and commerce.
This strategic partnership expands PayPay’s reach and is a key growth catalyst.
LINE OpenChat redesign in Thailand LINE’s OpenChat redesign in Thailand lifted monthly users from 20 million to 24 million and usage sharply, boosting engagement and ad revenue potential.
This shows successful product innovation driving user growth in a key market.
Kakaku.com bidding war raises costs LY’s Kakaku.com bid escalated from 3,384 yen to 3,720 yen amid competition from EQT, raising cash or debt needs and potentially diluting near-term returns. Oasis’s backing improves chances but implies paying more, and the bidding war remains unresolved.
This is the main negative overhang, creating uncertainty and financial strain.

September 202613 Aug – 6 Oct 2026

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Kakaku.com bidding war escalates; LINE app engagement jumps

Kakaku.com bidding war pushes LY's offer higher EQT repeatedly raised its Kakaku.com offer, forcing LINE Yahoo to lift its own bid to 3,720 yen. Paying more for the same target means less value for LY shareholders, and the fight is still unresolved.
The escalating bidding war is the main force moving LY's price this period.
Oasis backs LINE Yahoo's higher bid Fund Oasis, a big Kakaku.com shareholder, said it will not sell to EQT below LINE Yahoo's 3,640 yen offer and called the higher price feasible. That raises the odds LY's consortium wins, though it also means paying more.
A major shareholder's support materially changes the odds of LY's bid succeeding.
LINE OpenChat redesign lifts engagement Moving OpenChat to a more visible tab in Thailand raised monthly users from 20 million to 24 million and usage from 1.8 billion to 2.25 billion times a month. More time in LINE's app supports advertising and services revenue.
This is the clearest new operating win for LY's core platform business.

Latest13 Aug – 6 Oct 2026

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Kakaku.com bidding war escalates; LINE app engagement jumps

Kakaku.com bidding war pushes LY's offer higher EQT repeatedly raised its Kakaku.com offer, forcing LINE Yahoo to lift its own bid to 3,720 yen. Paying more for the same target means less value for LY shareholders, and the fight is still unresolved.
The escalating bidding war is the main force moving LY's price this period.
Oasis backs LINE Yahoo's higher bid Fund Oasis, a big Kakaku.com shareholder, said it will not sell to EQT below LINE Yahoo's 3,640 yen offer and called the higher price feasible. That raises the odds LY's consortium wins, though it also means paying more.
A major shareholder's support materially changes the odds of LY's bid succeeding.
LINE OpenChat redesign lifts engagement Moving OpenChat to a more visible tab in Thailand raised monthly users from 20 million to 24 million and usage from 1.8 billion to 2.25 billion times a month. More time in LINE's app supports advertising and services revenue.
This is the clearest new operating win for LY's core platform business.

July 20267 Jul – 7 Aug 2026

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LY's Kakaku bid escalates as core profit and PayPay surge

LY outbids EQT for Kakaku.com with shareholder backing LY formally offered 3,384 yen per Kakaku.com share, topping EQT's 3,000 yen, and major holder Oasis agreed to tender its 19.52% stake. Winning Kakaku would add a profitable price-comparison and shopping site, lifting LY's growth story.
The bidding war is the period's main new event and directly affects LY's acquisition prospects.
LY and Bain weigh even higher Kakaku bid LY and Bain are considering a fresh joint offer above EQT's 3,450 yen, and LY already raised its own price. Paying more raises the cash or debt needed and could dilute near-term returns, a real cost against the strategic benefit.
Shows the counterweight: escalating price tags mean higher acquisition cost for LY.
Q1 revenue up 13.1%, profit up 23.1% LY reported quarterly revenue of 553.9 billion yen, up 13.1%, with adjusted EBITDA up 23.1% and margin at 28%. Media, Commerce and fintech all grew, and management said full-year guidance should be beaten, supporting the share price.
Core earnings beat is the strongest fundamental driver for the stock this period.
PayPay allies with Seven & i to link payments and stores PayPay agreed a capital alliance with Seven & i, SoftBank and LY to connect its 75 million users with about 22,000 7-Eleven stores. This expands PayPay's reach into everyday shopping, a long-term growth driver for LY as a PayPay shareholder.
New partnership extends PayPay's growth, a key value driver for LY.

7 Jul – 7 Aug 2026

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LY's Kakaku bid escalates as core profit and PayPay surge

LY outbids EQT for Kakaku.com with shareholder backing LY formally offered 3,384 yen per Kakaku.com share, topping EQT's 3,000 yen, and major holder Oasis agreed to tender its 19.52% stake. Winning Kakaku would add a profitable price-comparison and shopping site, lifting LY's growth story.
The bidding war is the period's main new event and directly affects LY's acquisition prospects.
LY and Bain weigh even higher Kakaku bid LY and Bain are considering a fresh joint offer above EQT's 3,450 yen, and LY already raised its own price. Paying more raises the cash or debt needed and could dilute near-term returns, a real cost against the strategic benefit.
Shows the counterweight: escalating price tags mean higher acquisition cost for LY.
Q1 revenue up 13.1%, profit up 23.1% LY reported quarterly revenue of 553.9 billion yen, up 13.1%, with adjusted EBITDA up 23.1% and margin at 28%. Media, Commerce and fintech all grew, and management said full-year guidance should be beaten, supporting the share price.
Core earnings beat is the strongest fundamental driver for the stock this period.
PayPay allies with Seven & i to link payments and stores PayPay agreed a capital alliance with Seven & i, SoftBank and LY to connect its 75 million users with about 22,000 7-Eleven stores. This expands PayPay's reach into everyday shopping, a long-term growth driver for LY as a PayPay shareholder.
New partnership extends PayPay's growth, a key value driver for LY.