Douyin-rival Kuaishou posts a double-digits growth in quarterly revenue. It is reported that the incentive money will be distributed to all copyright holders and musicians who have cooperated with Kuaishou music in the past year in two forms, namely “Zhongle” annual Award and Sunshine. Kuaishou Technology Clocks Strong Q1 Revenue, DAU Growth The earnings report shows that Kuaishou’s revenue in the third quarter was 20.5 billion yuan ($3.22 billion), a year-on-year increase of 33.4%. Chinese video-sharing app Kuaishou generated RMB 50 billion (around $7.2 billion) in revenue in 2019, with live-streaming revenue accounting for the largest share, Chinese media Jiemian reported on Monday. Kuaishou When the clampdown hit short video platforms in August, Kuaishou’s stock price shrank nearly 80% since its Hong Kong IPO and dropped to a low point. Kuaishou: cost breakdown 2020 | Statista 3 Reasons to Buy Baidu, and 1 Reason to Sell | The Motley Fool Its e-commerce GMV reached 175.8 billion yuan in the third quarter of … Kuaishou Kuaishou The world’s most valuable startup is seeking to boost Chinese ad revenue by more than 40 percent and triple the size of its e-commerce business this year, according to an internal memo. According to the FT, tips contributed 62% of Kuaishou’s revenue in the first nine months of 2020. Kuaishou Defies China Crackdown as Revenue Climbs 33% ... Kuaishou The Kuaishou offering is one of many IPOs that are set to bolster the value of Temasek’s assets in 2021. The total GMV of e-commerce transactions facilitated on Kuaishou platform was RMB118.6 billion, representing an increase of 219.8% from RMB37.1 billion for Q1 2020. Kuaishou’s total revenues in Q1 2021 increased by 36.6% to RMB17.0 billion from RMB12.5 billion for the same period of 2020. , May 4, 2021. A total 2,097 IPOs, excluding those of special purpose acquisition companies (SPACs), raised $402 billion in 2021 globally, according to data provider Refinitiv. The social video giant delivered better-than-projected numbers in its first quarterly report since co-founder Su Hua stepped down as chief executive. Average DAUs on Kuaishou APP were 320.4 million, representing an increase of 17.9% from 271.7 million for the same period of 2020.. Average MAUs on Kuaishou APP were 572.9 million, representing an increase of 19.5% from 479.4 million for the same period of 2020.. Average daily time spent per DAU was 119.1 … (Aug 25): Kuaishou Technology’s revenue rose a better-than-expected 49% after advertising sales more than doubled, defying China’s stricter content control and intensifying competition with ByteDance Ltd. - Gross profit hit CNY 8.4 billion, representing an 89% growth. Non-marketing revenue was RMB 4.2 billion ($646 Kuaishou topped Google Play and Apple App Store's Most Downloaded lists in eight countries in 2020. On May 24, the leading Chinese video-sharing platform, Kuaishou, released its unaudited consolidated results for Q1 2021, along with solid revenue growth, narrowed losses, higher user stickiness and a surging e-commerce business. How does Kuaishou make money? Alibaba now expects revenue for the year ending in March to rise between 20% and 23%, the slowest pace since its 2014 stock market debut and down from a … November 23, 2021 10:22 pm. Kuaishou International Launches #EndOfYear Campaign Encouraging Users to Share Personalized Video Review of 2021 and Greet … Kuaishou Technology, operator of China’s second-largest short video platform, announced a 33.4 per cent year-on-year rise in revenue for the third quarter, beating expectations as … In the first quarter, Kuaishou’s number of advertisers was more than twice that of the same period in 2020. (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%. One of the worst performers among large listings in 2021, Kuaishou has shed roughly $170 billion in market value since hitting a peak in February, less than two weeks after its $5.4 billion initial public offering in Hong Kong. In the first quarter, Kuaishou’s number of advertisers was more than twice that of the same period in 2020. Baidu holds a roughly 3.8% stake in Kuaishou. - Gross profit hit CNY 8.4 billion, representing an 89% growth. November 19, 2021. Kuaishou’s shares were more than 1,200 times oversubscribed by retail investors—a record for the city’s bourse. In Q1 of 2021, Kuaishou’s online marketing service revenue increased by 161.5% year-on-year to 8.6 billion RMB, accounting for more than half of the total revenue (50.3%) for the first time. Third Quarter 2021 Key Financial and Operating Highlights. According to Kuaishou's Q2 2021 financial announcement: - Revenue rose by 48.8%, reaching CNY 19.1 billion. In the third quarter of 2021, average DAUs and average MAUs on the Kuaishou App reached 320.4 million and 572.9 million, respectively, … In 2021, it had an average of 1 billion monthly average users (MAU), and in August 2021, it reported a quarterly revenue of $2.95 billion, representing a 48.8% year-on-year increase. Kuaishou brought in revenue of 40.68 billion yuan ($6.2 billion) in the nine months ended Sep. 30, 2020 — that’s a 49% year-on-year rise. - The company's operating loss recorded CNY 7.2 billion, compared with CNY 2.5 billion in … HONG KONG, Nov. 23, 2021 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated results for the three months and nine months ("Third Quarter") ended September 30, 2021.. Third Quarter 2021 Key Financial and Operating Highlights • Average … They are far exceeding that of significant players in The US and Japan. FILE -The Alibaba logo is displayed during the company's IPO at the New York Stock Exchange, on Sept. 19, 2014. (Bloomberg) — Kuaishou Technology reported a 37% gain in quarterly revenue after the rival to TikTok-owner ByteDance Ltd. delved more deeply into online commerce and advertising. Kuaishou’s stock price [HKG:1024] was trading up 6.6 percent today at 2:30 p.m. China time at HKD101 (USD13). Table 2. Company Participants. Second Quarter 2021 Key Financial and Operating Highlights. Some unicorns are little-known companies making quiet but impactful strides in software, healthcare, automotive, and other … 2021 2022 2023 2024 2025; Revenue - - - - - Dividend - - - - - Dividend Yield (in %) HONG KONG, Nov. 23, 2021 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or " Kuaishou "), a leading content community and social platform, today announced its unaudited consolidated results for the three months and nine months ("Third Quarter") ended September 30, 2021. Baidu reported RMB 31.9 billion (USD 4.95 billion) in quarterly revenue, up 13% year-over-year and beating market estimates. (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%. Kuaishou is making up for the revenue losses mainly through advertising. Revenue from Baidu Core was RMB 20.5 billion ($3.13 billion), increasing 34% year over year. It is reported that the incentive money will be distributed to all copyright holders and musicians who have cooperated with Kuaishou music in the past year in two forms, namely “Zhongle” annual Award and Sunshine. Kuaishou Technology KUASF reported first-quarter FY21 revenue growth of 36.6% year on year to RMB 17 billion. November 19, 2021. (Bloomberg) -- China Telecom Corp., the country’s second largest mobile operator, surged 35% over its … Kuaishou’s stock price [HKG:1024] was trading up 6.6 percent today at 2:30 p.m. China time at HKD101 (USD13). Kuaishou founder’s exit adds to the queue of tech CEOs who have quit in 2021 as regulatory pressure mounts on short video industry One of the worst performers among large listings in 2021, Kuaishou had shed roughly $170 billion of market value since peaking just days after a $5.4 billion February initial public offering in Hong Kong. Kuaishou’s results are closely watched by investors who fancy a slice of the Chinese social video market before ByteDance’s eventual stock market debut. Kuaishou Technology Beats Estimates on Q2 Revenue August 25, 2021. Global Esports Live Streams Market Size Growth Rate by Type (US$ Million):2016 VS 2021 VS 2027. Evelyn Cheng @chengevelyn. The World’s Biggest Startups: Top Unicorns of 2021. Its smaller rival JD.com Inc is expected to post a 71% slump in profit and the slowest revenue growth in six quarters. Bloomberg. - A + A. Online marketing revenue was RMB 16.3 billion ($2.48 billion), up 27% year over year. Kuaishou’s continued rapid growth of online advertising revenue may fuel sales growth above consensus for the remainder of 2021 after 2Q revenue topped estimates. Kuaishou beats as Q3 revenue rose 33.4% YoY to $3.2B, above $3.15B estimates, with a $1.1B net loss, and Chinese MAUs rose 19.5% YoY to 573M — Kuaishou Technology's revenue increased 33%, defying China's tech crackdown and … Kuaishou Technology, operator of China’s second-largest short video platform, announced a 33.4 per cent year-on-year rise in revenue for the third quarter, beating expectations as … Chinese video-sharing app Kuaishou generated RMB 50 billion (around $7.2 billion) in revenue in 2019, with live-streaming revenue accounting for the largest share, Chinese media Jiemian reported on Monday. YouTube’s ads brought in $19.77 billion in revenue throughout 2020, accounting for a 10.83% share of Alphabet’s overall revenue. The company grew overall revenue by +33% year-over-year in Q3 to RMB 7.7 billion. According to Kuaishou's Q2 2021 financial announcement: - Revenue rose by 48.8%, reaching CNY 19.1 billion. In Q2 2021, the company generated CNY 19.1 billion in revenue, with a year-on-year increase of 48.8%. More from News. Kuaishou Technology may be coming out of its larger rival ByteDance’s long shadow. TikTok Revenue Growth & How Much it’s Worth. Kuaishou founder’s exit adds to the queue of tech CEOs who have quit in 2021 as regulatory pressure mounts on short video industry 1. The company, which owns a popular short-video platform that competes with TikTok operator ByteDance Ltd., posted revenue of 19.14 billion yuan ($2.96 billion) for the April-to-June period. Functionally, it offers very similar features to Douyin, but there are key differences in the type of content the two networks create and how it is curated and displayed. Recently, Kuaishou music specially planned the “numerous music” millions of year-end incentive broadcast activities. GroupM: global ad revenue will reach $763B in 2021, up 18.7% from 2019; Alphabet, Meta, and Amazon control 80-90% of the digital ad market outside of China — Alphabet, Meta and Amazon have doubled their share of ad revenues in past 5 years, industry estimates KUAISHOU’S FINANCIALS Kuaishou issued preliminary financial filings ahead of its Hong Kong stock exchange listing. As one of the pillars of our platform and the highly engaged user community, our live streaming ecosystem continues to prosper with revenue reaching RMB7.7 billionin the third quarter of 2021, improving with a 7.4% quarter-over-quarter growth. When the clampdown hit short video platforms in August, Kuaishou’s stock price shrank nearly 80% since its Hong Kong IPO and dropped to a low point. China Telecom Surges in 2021’s Biggest Listing, Passing Kuaishou. Kuaishou reported a 33.4 percent jump in revenue in the three months ended Sept. 30 from the same period last year to CNY20.5 billion (USD3.2 billion), according to its latest earnings report. Global Esports Live Streams Market Size Growth Rate by Type (US$ Million):2016 VS 2021 VS 2027. Kuaishou Defies China Crackdown as Revenue Climbs 33% Bloomberg News , Bloomberg News A passenger wearing a protective mask walks past Kuaishou Technology advertisements at a subway station in Beijing, China, on Wednesday, Feb. 3, 2021. Detail: Online marketing revenue was RMB 16.3 billion ($2.48 billion), up 27% year over year. China’s tech giant Tencent, the company behind the likes of QQ and Wechat, which recently launched an immediate delivery service, has just released its second quarter financial results. - The company's operating loss recorded CNY 7.2 billion, compared with CNY 2.5 billion in the … Many entrepreneurs start businesses around the world, but only the most successful new companies become “unicorns”—the biggest startups with a valuation above $1 billion.. The company grew overall revenue by +33% year-over-year in Q3 to RMB 7.7 billion. Recently, Kuaishou music specially planned the “numerous music” millions of year-end incentive broadcast activities. The company’s revenue reached $3.2B, beating estimates as the company contends with tightened regulations and competition. Kuaishou’s other services delivered revenue of 1.9 billion yuan in the third quarter of 2021, increasing by 53.0% year-over-year, primarily driven by e-commerce. Kuaishou Technology (OTCPK:KUASF) Q1 2021 Earnings Conference Call May 24, 2021 8:00 AM ET. New retail is blossoming. In Q2 2021, the company generated CNY 19.1 billion in revenue, with a year-on-year increase of 48.8%. Kuaishou founder’s exit adds to the queue of tech CEOs who have quit in 2021 as regulatory pressure mounts on short video industry Earlier in the day it had hit HKD108.80. Average daily time spent per DAU (1) was 106.9 minutes, representing an increase of 25.2% from 85.4 minutes for the same period of 2020. Now, it earns more than 3x this in ad revenue – quarterly. China's Peng Shuai during her first round singles match at the Australian Open tennis championship in Melbourne, Australia on Jauary 21, 2020. After hitting support level of around 75 HKD (i did mentioned in my youtube video on around 13 Dec 2021), Kuaishou Tech managed a small comeback to around 78.6 HKD now... Again my concern for Kuaishou is on the cash burn side and I wouldnt use it for investment but will rather use it for trading if there is a chance. Revenue in the e-commerce market is projected to reach USD 1,260,539 m in 2021. Kuaishou, which means "fast hand" in Chinese, booked a net profit of nearly 2 billion yuan (about $280 million) on 27 billion yuan in revenue in the first nine months of this year, one of the people said. Baidu only controlled 7.8% of China's cloud infrastructure market in the second quarter of 2021, according to ... without generating meaningful revenue. Average DAUs on Kuaishou APP was 293.2 million, representing an increase of 11.9% from 262.1 million for the same period of 2020. Kuaishou Technology, ByteDance’s major rival and China’s second-largest short video platform, record a double-digit growth in quarterly revenue despite China’s increased scrutiny of online content this year. Average online marketing services revenue per DAU: RMB 34.0 (+49.7%) In the third quarter of 2021, average DAUs and average MAUs on the Kuaishou App reached 320.4 million and 572.9 million, respectively, each increasing by 17.9% and 19.5% year-over-year, accelerated from 11.9% and 6.7%, respectively, for the second quarter of 2021. That was an 81% increase in proceeds and a 51% rise in the number of IPOs from 2020. Kuaishou is diversifying its revenue streams away from traditional live-streaming with a big push into e-commerce marketing. As yet, regulators have not enforced a cap, but government concerns could prompt enforcement that would put downward pressure on Kuaishou’s revenue stream. Hong Kong-listed Kuaishou, ByteDance’s biggest rival in short video, saw its revenue grow 42 per cent to 36.2 billion yuan in the first half of 2021, with a loss of 64.8 billion yuan, while social media and entertainment giant Tencent Holdings reported a revenue growth of 19 per cent in the first nine months. Two quarters ago, Alibaba had posted its first quarterly operating loss since going public in 2014 after it was fined a record $2.8 billion. Baidu holds a roughly 3.8% stake in Kuaishou. Kuaishou Technology KUASF reported first-quarter FY21 revenue growth of 36.6% year on year to RMB 17 billion. Get in touch with us now. Su Hua - CEO. Bilibili, known for its popularity among Chinese millennials, has also chalked up impressive numbers. - Gross profit hit CNY 8.4 billion, representing an 89% growth. More from South China Morning Post: Kuaishou has also partnered with Alibaba in the past, as when the companies together generated 2.1 billion yuan ($324 million) in sales from Singles’ Day 2019 (Protocol, 2021). Reports suggest large Chinese tech companies like ByteDance, Kuaishou, and iQiyi are laying off more staff than usual, amid regulatory pressure and competition — Companies are reportedly laying off more employees than usual for this time of … Tencent saw net buying from Mainland investors for the fourth day in a row via Southbound Stock Connect. TikTok brought in $17 billion in 2019, a sizable revenue increase of over double the previous year’s $7.4 billion in 2018. Dozens killed … Users of Kwai can showcase their review and daily life in video … Kuaishou Technology's revenue surged almost 37% in the first quarter, mainly thanks to strength in online marketing services. Published Fri, Feb 5 2021 1:01 AM EST Updated Sun, Feb 7 2021 7:42 PM EST. In Q1 of 2021, Kuaishou’s online marketing service revenue increased by 161.5% year-on-year to 8.6 billion RMB, accounting for more than half of the total revenue (50.3%) for the first time. The short video platform became one of the worst-performing tech stocks this year amid Beijing’s crackdowns on big tech companies and internet content. Kuaishou Technology, operator of China’s second-largest short video platform, announced a 33.4 per cent year-on-year rise in revenue for the third quarter, beating expectations as … Heather Diwu - Director, IR. This report provides detailed historical analysis of global market for Live TV Streaming Services from 2015-2020, and provides extensive market forecasts from 2021-2030 by region/country and subsectors. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. China’s $50 billion short-video streaming app has … Tencent releases Q2 2021 financial results. When the world’s first video game, Tennis for Two, was revealed at a science fair in 1958, people were fascinated—there was clearly something special. Nov. 23, 2021 4:50 AM ET Kuaishou Technology (KSHTY), KUASF By: Meghavi Singh, SA News Editor. One dead, dozens missing after landslide at Myanmar jade mine. Leading online video platforms in China, based on unique visits 2021; Leading mobile live-stream apps in China 2021, based on MAUs; Annual revenue of Tencent 2014-2020, by segment; Chinese online video platform iQiyi's annual revenue 2015-2020; Alibaba's annual segment revenue FY 2017-FY 2021; Revenue of Sohu 2010-2020 This commission revenue falls under the “Other services revenue” category. On average, 58 million app users per month produced nearly CNY48 of revenue in 11M20. , May 4, 2021 Kuaishou, one of the largest Chinese short video platforms, reported a total revenue of almost 59 billion yuan in 2020, over half … Kuaishou Revenue Rises 33% Amid Tech Crackdown. Table 2. The 50 Biggest Video Game Franchises by Total Revenue. Kuaishou revenue surged to 17 billion yuan ($2.65 billion) for the three months ended March compared with the 16.9 billion yuan projected by China Renaissance. In 2021, it had an average of 1 billion monthly average users (MAU), and in August 2021, it reported a quarterly revenue of $2.95 billion, representing a 48.8% year-on-year increase. Kuaishou International Launches #EndOfYear Campaign Encouraging Users to Share Personalized Video Review of 2021 and Greet … Kuaishou is the territory’s second-biggest video-sharing social network, currently sitting with around 80% of Douyin’s total active users. August 26, 2021 00:44 am +08. Kuaishou international’s highly popular apps Kwai and SnackVideo together with Meta, are launching a campaign for users to bid farewell #Bye2021 and greet the New Year with #Hi2022, by creating personalized videos that can for the first time be shared across the platforms. Published On 11 Nov 2021 11 Nov 2021. Short video platform and TikTok rival Kuaishou Technology reported Q3 earnings overnight. - The company's operating loss recorded CNY 7.2 billion, compared with CNY 2.5 billion in the … Kuaishou Technology's revenue jumped 49% in the second quarter, driven by the Chinese tech giant's fast-expanding marketing-services and e-commerce businesses. The earnings report shows that Kuaishou’s revenue in the third quarter was 20.5 billion yuan ($3.22 billion), a year-on-year increase of 33.4%. Table 1. Kuaishou topped Google Play and Apple App Store's Most Downloaded lists in eight countries in 2020. Its first quarter revenues grew 37% to 17 billion yuan, thanks … Table 1. He ruled the country with an … See insights on Kuaishou including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. As a percentage of the total revenue, online marketing services contributed 50.3%, while live streaming contributed 42.6%. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. It also reflects how strongly Kuaishou has been performing. Kuaishou has 4,170 employees at their 1 location, $4.35 b in total funding, and $7.2 B in annual revenue in FY 2019. - Total revenue was CNY 17.0 billion, up 36.6% on a year-on-year basis. According to the report, Tencent recorded a 20% revenue growth in Q2 2021 vs Q2 2020, up to $21.4 billion. Revenue from Baidu Core was RMB 20.5 billion ($3.13 billion), increasing 34% year over year. Kuaishou Technology reports Q3 results. Kuaishou was one of the few bright lights in Q3, its RMB 10.9 billion in ad revenue, a 76.5% yoy growth, making it one of the fastest-growing Chinese internet companies with ad revenue over RMB 10 billion. The company currently expects its total revenues to be between RMB 2.3 billion and RMB 2.35 billion. Baidu reported RMB 31.9 billion (USD 4.95 billion) in quarterly revenue, up 13% year-over-year and beating market estimates. Second, for the fourth quarter of 2021. That was an 81% increase in proceeds and a 51% rise in the number of IPOs from 2020. (Bloomberg) — Kuaishou Technology Co. Ltd. soared 15% after reporting better-than-expected 33% growth in quarterly revenue, defying China’s tech crackdown and intensifying competition with ByteDance Ltd. Third Quarter 2021 Key Financial and Operating Highlights. Hong Kong-listed Kuaishou said its total revenue rose 33%, thanks to the strength of its ad sales. Third Quarter 2021 Key Financial and Operating Highlights. According to Kuaishou's Q2 2021 financial announcement: - Revenue rose by 48.8%, reaching CNY 19.1 billion. Kuaishou, one of the largest short video platforms in China, reported a total revenue of almost 59 billion yuan in … First Quarter 2021 Results . Kuaishou generates revenue through a mix of advertising and by taking a share of sales from virtual gifts and ecommerce items bought through its platform. Chinese video-sharing app Kuaishou generated RMB 50 billion (around $7.2 billion) in revenue in 2019, with live-streaming revenue accounting for the largest share, Chinese media Jiemian reported on Monday. • Average DAUs on Kuaishou APP were 320.4 million, representing an increase of 17.9% from 271.7 million for the same period of 2020. The logo of online video service operator Kuaishou Technology is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in … Since these humble beginnings, video games have rode waves of technological advancements to burgeon into a $100+ billion industry. That of the same period of 2020 billion industry RMB4.3 billion for the same time of 2020 41.1 % 262.1! Million ):2016 VS 2021 VS Q2 2020, a 65.69 % increase. 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