The short-video company handed out five rounds of virtual “red envelopes” during the live broadcast, totaling a record-breaking 1 billion yuan ($144 million)
On December 25, CCTV officially announced popular short video platform Kuaishou as the exclusive interactive partner of its Spring Festival Gala.
With the Chinese Spring Festival drawing near, Kuaishou’s goal of reaching 300 million daily active users (DAU) before the Chinese New Year has been further heightened according to 36Kr.
Chinese short-video platform Kuaishou has raised its latest found of financing, to the tune of nearly $3 billion.
Kuaishou has established an exclusive interactive partnership with CCTV’s annual New Year’s Gala, according to Chinese media LatePost.
Episode 55 of TechBuzz China is about a company we have admittedly relegated to a “supporting role” thus far here on TechBuzz: Kuaishou.
Episode 52 of TechBuzz China is on a topic from back in August, when Kuaishou, Baidu, Tencent, and Capital Today invested a collective $434 million into the Q&A site Zhihu 知乎.
According to people familiar with the matter, the pre-IPO valuation of Kuaishou, one of China’s leading short-video start-ups, has reached $25 billion.
Kuaishou’s international short video platform Kwai, reached 3 million Daily Active Users (DAU) in Brazil on September 12, a number of people familiar with the matter told Jiemian News.
Chinese tech giant Tencent and short video platform Kuaishou are negotiating about how the two are going to collaborate.
Due to the large number of mobile users and short video’s virus spread on social media, short video industry is seeing booming growth in China.
QuestMobile have recently released their semi-annual report on the short-video industry. 7.2 out of 10 mobile Internet users are using short-video products.
Chinese tech giant Tencent is planning to invest between $1 billion and $1.5 billion in short-video application Kuaishou, known outside of China as Kwai, which has a current valuation of around $25 billion.
Chinese short-video app Kwai (Kuaishou) managed to make it to the second place of the ranking with earnings approaching $78 million, a 57 percent year-over-year increase.
Kuaishou founders Su Hua and Cheng Yixiao said they are unhappy about the company’s performance and growth.