Douyin rival, short video sharing and live streaming platform Kuaishou (快手), has 100% acquired Acfun (A站), a platform for ACG (anime, comics, and gaming) fans. No other information has been revealed.

After the acquisition, Acfun will be independent in branding, operation, team building, and future development. Kuaishou will provide support in technology and resources such as capital and channels.

The acquisition is a strategic move to increase survival chances in fierce competition. The two parties also hope to integrate possible resources to combat major players such as Douyin and Bilibili.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com