Kuaishou, one of many Chinese rivals of ByteDance, the proprietor of TikTok, introduced that it has exceeded the 1 billion month-to-month lively person threshold worldwide.
Kuaishou, one of many Chinese rivals of ByteDance, which additionally owns TikTok, introduced that it has exceeded the 1 billion month-to-month lively person threshold worldwide.
Recognized for Kwai and Snack Video apps Kuaishou is generally most well-liked in China.
107 BILLION DOLLARS REACHED MARKET VALUE
Kuaishou, which is at the moment China’s quantity 2 brief video sharing software, additionally elevated by 6 p.c within the Hong Kong inventory market.
Backed by Chinese expertise large Tencent, Kuaishou’s market worth has reached $107 billion.
Lately, the speedy rise of China-based video functions has attracted a number of consideration. For instance, one other Chinese video sharing web site Douyin has reached 600 million lively users.
Fb, the world’s most widespread social media firm, has shut to three billion month-to-month users. However the rising recognition of Chinese apps is making their US rivals assume.
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