As TikTok seizes more territory around the world, its archrival Kuashou that so far hasn’t been as successful internationally is ramping up efforts to narrow the gap with its competitor.
Kuaishou launched a new short-video app, SnackVideo, to target overseas users with a recommendation algorithm that suggests user videos based on their preferences.
Now, after a decade of development and vicious competition, a slew of video platforms and short video apps have emerged at the top of the Chinese online video streaming game.
In this article, we’ll give a brief introduction of China’s top 3 E-commerce livestreaming platforms: Alibaba’s Taobao Live, Kuaishou (Kwai) and ByteDance’s Douyin (TikTok).
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)
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.
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.
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.
