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.
With a seamless integration of e-commerce into social media, including video sharing and live-streaming, sellers on Kuaishou are able to bring down-to-earth content and goods to its users. That’s what the so-called “老铁经济,” or “homie economy,” is all about.
Chinese Quora-like website Zhihu completed a $450 million F-round funding led by popular Chinese short video platform Kuaishou and internet giant Baidu today, according to 36Kr.
Kuaishou, the Chinese short video streaming platform, is working with the Royal Society of Chemistry in the United Kingdom to develop a science summer camp named Rising Star China Chemistry Camp. The project aims to deliver better science education to Chinese students in poverty-stricken areas.
Kuaishou founders Su Hua and Cheng Yixiao said they are unhappy about the company’s performance and growth.
On Mar. 27, the video streaming platform Kuaishou officially released the “Leaders of Intangible Cultural Heritage” project.