Kuaishou

Kuaishou Technology
Native name
快手
Company typePublic company; partially state-owned
SEHK1024
IndustryInternet
FoundedMarch 2011 (2011-03)
FounderSu Hua
Cheng Yixiao
Headquarters,
China
Key people
Su Hua (CEO)
RevenueIncrease US$ 9.1 billion (2020)[citation needed]
OwnerChina Internet Investment Fund (Cyberspace Administration of China)
Beijing Radio and Television Station
Websitewww.kuaishou.com Edit this at Wikidata
Kwai
Developer(s)Kuaishou Technology
Operating system
TypeVideo sharing
LicenseProprietary software
Websitewww.kwai.com

Kuaishou Technology (Chinese: 快手; lit. 'quick hand') is a Chinese publicly traded partly state-owned holding company based in Haidian District (Beijing), founded in 2011 by Hua Su (宿华)[1] and Cheng Yixiao (程一笑).[2] The company is known for developing a mobile app for sharing users' short videos, a social network, and video special effects editor.

As of 2019, it has a worldwide user base of over 200 million,[3] leading the "Most Downloaded" lists of the Google Play and Apple App Store in eight countries, such as Brazil. In Pakistan and Indonesia, this app is known as Snack Video.[4] It is often referred to as "Kwai" in overseas markets. Its main competitor is Douyin, which is known as TikTok outside China.[5]

Kuaishou's overseas team is led by the former CEO of the application 99, and staff from Google, Facebook, Netflix and TikTok were recruited to lead the company's international expansion.[6]

The China Internet Investment Fund, a state-owned enterprise controlled by the Cyberspace Administration of China, holds a golden share ownership stake in Kuaishou.[7]

  1. ^ Synced (2019-08-12). "Tencent-backed Video App Kuaishou Is Turning Chinese Country Folk Into Hollywood Directors Synced". syncedreview.com. Archived from the original on 2019-09-02. Retrieved 2022-09-26.
  2. ^ "Is short-video start-up Kuaishou too 'Zen' for China's internet culture?". South China Morning Post. 2019-06-20. Archived from the original on 2019-09-02. Retrieved 2022-09-26.
  3. ^ Synced (2019-08-12). "Tencent-backed Video App Kuaishou Is Turning Chinese Country Folk Into Hollywood Directors". Synced. Archived from the original on 2019-09-02. Retrieved 2019-09-02.
  4. ^ "Tencent-backed Kwai App ranked Most Popular social short video app". Business Insider. Archived from the original on 2019-09-03. Retrieved 2019-09-03.
  5. ^ "One of China's hottest video apps is flirting with video gaming". South China Morning Post. 2018-12-19. Archived from the original on 2019-09-02. Retrieved 2019-09-02.
  6. ^ "Billionaire Who Missed Out on TikTok Is Trying to Beat It". Bloomberg.com. 21 July 2021. Archived from the original on 2021-07-22. Retrieved 2021-07-21.
  7. ^ "China's communist authorities are tightening their grip on the private sector". The Economist. 2021-11-18. ISSN 0013-0613. Archived from the original on 22 November 2021. Retrieved 2021-11-22.

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