Native name | 快手 |
---|---|
Company type | Public company; partially state-owned |
SEHK: 1024 | |
Industry | Internet |
Founded | March 2011 |
Founder | Su Hua Cheng Yixiao |
Headquarters | , China |
Key people | Su Hua (CEO) |
Revenue | US$9.1 billion (2020)[citation needed] |
Owner | China Internet Investment Fund (Cyberspace Administration of China) Beijing Radio and Television Station |
Website | www |
Developer(s) | Kuaishou Technology |
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Operating system | |
Type | Video sharing |
License | Proprietary software |
Website | 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, that was 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]