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News released by We Media sparked a market shock on Monday. Kuaishou shares in Hong Kong slumped heavily due to the rumor, at one point falling below the issue price of HK$115 in late trading.
Kuaishou, a Chinese short video platform, announced on Thursday an adjustment of its employee benefits through an internal letter.
Kuaishou Technology, China's leading content community and social platform, released its financial report for the first quarter of this year.
Cyberspace Administration of China now requires social platforms and short video platforms such as Tencent's QQ and Kuaishou to implement content management and continuously investigate and dispose of fraudulent information, group chats and accounts.
Kuaishou CEO Cheng Yixiao stated that he is confident in achieving the goal of over 400 million DAU in a single quarter in the second half of the year.
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.
Tony Qiu, the former head of Kuaishou's International Business, has recently joined Meituan and temporarily serves as assistant to firm founder and CEO Wang Xing.
The e-commerce department of Kuaishou, a popular short video platform in China, announced that it had reached a deal with Zhima Credit, a subsidiary of Ant Group, to launch a new payment scheme on the platform.
On July 2, Chinese tech giants Bytedance invested in Hangzhou Weinian Brand Management Co., Ltd(Weinan), a contracted company of Li Ziqi, one of China's most globally popular online influencers. This move showed Bytedance's ambition to expand its footprint in the booming livestream and new consumption sectors.
Kuaishou's KwaiYii general-purpose language model has now surpassed GPT-3.5 in capabilities, announced the company on Tuesday.
Kuaishou's KLING AI has added a "lip-sync" feature. After generating a video with KLING, you can upload an audio file to synchronize the lip movements of the video characters with the audio.
Within the course of the past week, several prominent Chinese companies made fundraising announcements.