kuaishou technology prospectus

Kuaishou, the Chinese video app, has become the biggest live-streaming platform for virtual gifts beating rival and TikTok parent ByteDance. Chinese video-sharing app Kuaishou filed Thursday a prospectus to the Hong Kong stock exchange, paving the way for a listing in the city. Chinese online short-video company Kuaishou Technology submitted its initial public offering prospectus to the Hong Kong Stock Exchange on Nov. 5, without disclosing the size and timetable of the offering. Four Seasons hotels are running a pilot program for mobile room keys. Shares in Kuaishou Technology, whose name means "quick hands", almost tripled on debut last Friday, bringing the company's value to $159 billion. “Kuaishou’s commercialization continues at pace,” says Michael Norris, a research and strategy Manager at AgencyChina. In the first 11 months of last year, Kuaishou made a loss of CNY9.4 billion (USD1.5 billion) while revenue was CNY52.5 billion (USD8.1 billion), according to its prospectus. Welcome to Hong Kong Exchanges and Clearing Market Website. 8 ratings LW Leo Wu. Kuaishou says it had an average of 302 million daily users (DAU) in the first half of 2020, and an average of 776 million users per month (MAU) during the same period. Kuaishou Technology, ... DST Global and Sequoia Capital China, the prospectus shows. “The timing of Kuaishou’s prospectus filing late Thursday was probably unrelated to the Ant setback,” according to Caixin. The company raised $5.4 billion in … Kuaishou Ipo - Kuaishou Technology Ipo Prospectus Deep Dive Kaya Plus - With a minimum deal size of $4.95 billion, the ipo would be the largest in the world since late 2019, when.. Kuaishou on monday began taking investor orders for the stock sale ahead of a listing on feb. Kuaishou e-commerce business benefits from its high user viscosity generated by the social functions of the platform. According to the prospectus, the enterprise achieved operating revenues of RMB39.12bn in 2019, surging by 92.70% YoY, with a 2017-2019 CAGR of 116.59%. Kuaishou founders Su Hua and Cheng Yixiao will see their net worth jump above US$7 billion and US$6 billion, respectively, but their app still trails … In its prospectus, Kuaishou … Why it matters: The Beijing-based platform, backed by Chinese internet giant Tencent, is the second most popular short-video app in the country, trailing Bytedance’s Douyin, the domestic version of global hit Tiktok. Its hotels are renowned for their huge number of attentive staff, global president of operations Christian Clerc told Protocol: "We don't see machines replacing people at Four Seasons anytime soon." The expected initial public offering (IPO) will raise as much as USD5bn and make Kuaishou the first major short-video platform to go public. Kuaishou is one of China's leading social media firms. Kuaishou’s live-streaming e-commerce business has set itself apart with celebrities and devoted fans willing to buy whatever they are selling, helping … That's still less than half the 600 million on Douyin, the Chinese version of TikTok. Chinese short-video platform Kuaishou Technology [1024:HK] will debut at the Hong Kong Stock Exchange on February 5. In Depth: IPO-Bound TikTok Rival Kuaishou Continues to Play Second Fiddle - Kuaishou Technology is on track to beat ByteDance to a public listing, but that’s just about the only metric the company is leading on 1 talking about this. Chinese social media giant Tencent Holdings is Kuaishou’s largest shareholder with 21.6 percent. SEE ALSO: Kuaishou Starts Closed Beta of Podcast App Piting Shares in Tencent jumped as much as 6.4% to an all-time high in early Monday trading in Hong Kong. According to the prospectus, in the first six months of 2020, the average monthly repurchase rate of Kuaishou users exceeded 60%. On one channel, a user showcases "the daily life of an uncle born in the 80s" through simple homecooked food. Chinese Stocks Close Higher on Streamer Kuaishou’s IPO Bid (Yicai Global) Jan. 27 -- China's mainland stock markets rebounded in afternoon trading, led by internet firms, above all those linked to the short video platform run by Kuaishou Technology, which has started its initial public offering in Hong Kong. Free Investment Seminar to educate the public on Stock, CFD, Index, Unit Trust, Bonds and more 4.75. Kuaishou had about 262 million average daily active users as of September, according to its prospectus. In 2017, Kuaishou drew $1.2 billion; today, it’s more than quintupled that revenue. Video games Kuaishou takes on TikTok and ... world,” declares the opening line in the 700-page prospectus from Kuaishou, ... checks on users with such tools as facial-recognition technology. Context News. China-based #Kuaishou Technology has planned to raise at least US$5.4 billion (HK$41.9 billion) in the supposedly #Hong Kong’s largest public offering (IPO) that … (Bloomberg) -- Kuaishou Technology, the operator of China’s most popular short-video service after ByteDance Ltd.’s Douyin, jumped 194% in its Hong Kong debut after a $5.4 billion initial public offering that attracted hundreds of billions of dollars of orders. 2 talking about this. The app is not yet profitable. World; Ex-Google employee turns virtual gifts into a $61 billion business in China Kuaishou Technology is one of China’s biggest internet success stories of the past decade, part of a generation of startups that thrived with backing from Tencent Holdings. Kuaishou Technology Plans Initial Public Offering in Hong Kong ... Bank of America and China Renaissance as the deal's joint sponsors, according to its preliminary listing prospectus. Kuaishou's IPO plans come as new listing volumes surge in Hong Kong. Free Investment Seminar to educate the public on Stock, CFD, Index, Unit Trust, Bonds and more Kuaishou skeptics have often pointed to the company’s difficulty in generating revenue — that has changed fast. But that doesn't mean technology is sidelined altogether. Kuaishou Technology Passes HKEX Listing Hearing. Kuaishou’s debut could also be overshadowed by the potential IPO of its far larger rival, ByteDance, whose 600 million Douyin daily users are more than double Kuaishou’s. Find information for the HKEX's news, market data, stock quotes, market data, listing matter, products information and …

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