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18-551: Kwai may refer to: Kwai (app) , a Chinese video sharing app River Kwai (disambiguation) , two rivers in Thailand Kwai (DC Comics) KWAI (FM) , a radio station (97.7 FM) licensed to serve Los Altos, California, United States KWAI (AM) , a defunct radio station (1080 AM) formerly licensed to serve Honolulu, Hawaii, United States See also [ edit ] Kwaio language Kwaio people Topics referred to by

36-492: 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, 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 . It is often referred to as " Kwai " in overseas markets. Its main competitor

54-703: A debut on the Hong Kong Stock Exchange, with its shares soaring by 194% at the opening. However, the company soon faced significant challenges due to stringent regulatory restrictions on Chinese internet companies, leading to a nearly 80% decline in its share price from its peak post-IPO. By December 2021, Kuaishou announced a major reorganization, including the layoff of 30% of its staff, primarily targeting mid-level employees earning an annual salary of $ 157,000 or more. This restructuring aimed to cut costs and mitigate financial losses. In October 2022, state-owned Beijing Radio and Television Station took

72-611: A minority ownership stake in Kuaishou. In April 2024, a Financial Times article citing current and former Kuaishou employees stated that the company has been running an ageist redundancy programme known internally as "Limestone", culling workers in their mid-30s. In June 2024, Kuaishou released its diffusion transformer text-to-video model , Kling, which they claimed could generate two minutes of video at 30 frames per second and in 1080p resolution. The model has been compared to that of OpenAI 's Sora text-to-video model. It

90-416: A short video community and a platform with which users could record and share videos. By 2013, the app had reached 100 million daily users. By 2019, it had exceeded 200   million active daily users. In March 2017, Kuaishou closed a US$ 350 million investment round that was led by Tencent . In January 2018, Forbes estimated the company's valuation to be US$ 18 billion. In April 2018, Kuaishou's app

108-409: A single financial purpose. When multiple investments are close in price and terms, they are "merged" according to securities laws (in other words, they are treated as a single round under the law). Rounds may have one or more lead investors who negotiate and enforce the terms of the agreement. These are usually the parties with the greatest sophistication, resources, reputation, and/or connection to

126-409: A variant known as "Speed Venturing", which is akin to speed-dating for capital, where the investor decides within 10 minutes whether s/he wants a follow-up meeting. Some specialized rounds include: Offerings may be limited or open-ended. If limited, there is a cap on the number of investors, duration of the round, amount of money raised, number and nature of people to whom the offering is made, and/or

144-511: Is Douyin , which is known as TikTok outside China. 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. The China Internet Investment Fund , a state-owned enterprise controlled by the Cyberspace Administration of China , holds a golden share ownership stake in Kuaishou. Kuaishou

162-573: Is China's first short video platform that was developed in 2011 by engineer Hua Su and Cheng Yixiao. Prior to co-founding Kuaishou, Su Hua had worked for both Google and Baidu as a software engineer . The company is headquartered in Haidian District , Beijing . Kuaishou's predecessor "GIF Kuaishou" was founded in March 2011. GIF Kuaishou was a mobile app with which users could make and share GIF pictures. In November 2012, Kuaishou became

180-477: Is accessible to the public on Kuaishou's video editing app KwaiCut via signing up for a waitlist with a Chinese phone number. Compared to its main short video platform competitor Douyin , Kuaishou is more popular with older users who live outside China's Tier 1 cities . Its initial popularity came from videos of Chinese rural life. Kuaishou also relied more on e-commerce revenue than on advertising revenue compared to its main competitor. As of 30 June 2024,

198-405: Is different from Wikidata All article disambiguation pages All disambiguation pages Kwai (app) 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) and Cheng Yixiao (程一笑). The company is known for developing

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216-475: The investment. There may or may not be other follow-on or silent investors who participate in the round. One other distinction is between public offerings for public companies , which are widely advertised and subscribed, and private offerings made by private companies , which have strict limits on the number and nature of the potential investors. In the United States most offerings are regulated under

234-474: The most followed account on the platform is Kuaishou Store with over 200 millions followers. The most followed individual account belongs to Chinese E-commerce businessman Xin Youzhi . Investment round Hallmarks of an offering include the following (though none are an absolute requirement in every circumstance): Rounds are often described according to the nature of investors, the size of investment, and

252-419: The number of shares sold (if it is an equity offering). The offering is ended and the securities are granted at one or more closings. When securities issuances happen from time to time rather than one or several discrete dates, it is sometimes known as a "rolling closing." A single round usually involves multiple investors buying a company's securities in a distinct time period, at the same price and terms, for

270-453: The same term [REDACTED] This disambiguation page lists articles associated with the title Kwai . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Kwai&oldid=1195736271 " Categories : Disambiguation pages Broadcast call sign disambiguation pages Hidden categories: Short description

288-414: The stage of the enterprise. Because there are no public exchanges listing their securities, private companies meet venture capital firms and other private equity investors in several ways, including warm referrals from the investors' trusted sources and other business contacts; investor conferences and symposia; and summits where companies pitch directly to investor groups in face-to-face meetings, including

306-593: The start of the 2020–2021 China–India skirmishes , the Government of India banned Kwai along with 58 other apps, citing "data and privacy issues". In January 2021, Kuaishou announced it was planning an initial public offering (IPO) to raise approximately US$ 5 billion. Kuaishou's stock completed its first day of trading at $ 300 Hong Kong dollars (HKD) (US$ 38.70), more than doubling its initial offer price, and causing its market value to rise to over $ 1 trillion HKD (US$ 159 billion). In February 2021, Kuaishou made

324-599: Was briefly banned from Chinese app stores after China Central Television (CCTV) reported on the platform popularizing videos of teenage mothers. In 2019, the company announced a partnership with the People's Daily , an official newspaper of the Central Committee of the Chinese Communist Party , to help it experiment with the use of artificial intelligence in news. In June 2020, following

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