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.
Chinese tech giant Tencent and short video platform Kuaishou are negotiating about how the two are going to collaborate.
Several Chinese short video/live broadcast applications made it into the Top 20 of Apple’s App Store and Google Play in terms of downloads and revenue outside mainland China during the second quarter of 2019.
TikTok’s parent company ByteDance might have acquired Jukedeck, an AI music startup behind a tool that can automatically generate tunes.
Kuaishou founders Su Hua and Cheng Yixiao said they are unhappy about the company’s performance and growth.
On Apr. 16, Kuaishou Technology, developer of leading short video applications with the same name, announced the launch of the Kuaishou Social Impact Institute.