Briefing: Over 10 million users make extra income on Kuaishou

快手CEO宿华:超过1000万人在快手获得了收入-Tencent Tech What happened: Over 10 million users have made money on China’s top short video site Kuaishou over the past year, said company CEO Su Hua at the World Internet Conference held in Wuzhen. He added that over 130 million users are recording and sharing interesting moments of their lives on Kuaishou every day. Why it’s important: Bite-sized videos are…

Briefing: Video app Kuaishou seeks investment at $25 billion valuation

China’s Video App Kuaishou Targets a $25 Billion Valuation - The Information What happened: Video app Douyin's domestic rival Kuaishou is said to be in talks with interested parties for undisclosed financing at a $25 billion valuation, a figure 38.9% higher than the $18 billion seen in previous funding round in January. The current proposed valuation is still much lower than $75 billion, the…

Kuaishou livestreamer detained for 15 days for mocking national anthem

In a very brief Weibo post on October 29, the public security bureau of Ningcheng County, Chifeng City in Inner Mongolia, announced that it had detained a Kuaishou live-streamer for 15 days after he disrespected the national anthem. The post contained only a single picture of what appeared to be a blurred-out screenshot of the live-streamer, whose last name is Wang. According to the bureau's…

Briefing: Kuaishou is still banned on WeChat Moments, says Tencent

微信解除对快手的分享限制?腾讯官方回复证实纯属“乌龙” – Tencent Tech What happened: Tencent public relations director Zhang Jun said sharing short videos from Kuaishou as well as Xigua Video is still banned in WeChat Moments. Zhang said developers used mini programs to let users share those videos in WeChat, which led some to believe that the ban was removed. Local news media reported on Thursday that videos from…

Kuaishou returns to WeChat after six-month ban

After being outlawed by WeChat for six months, Kuaishou videos can once again be shared on the Moment’s feed, according to local media reports (in Chinese). In April, WeChat banned users from sharing and playing short videos through external links from apps including Bytedance' Douyin, Huoshan, Xigua Video, as well as two Tencent-backed apps, Kuaishou and Weishi. WeChat lifted the restriction…

Kuaishou is hiring more people to filter content after crackdown on “vulgar” content

Kuaishou, a leading short video platform in China, is planning to add around 3,000 content checkers (in Chinese) to its existing 2,000-member team in order to help filter content deemed illegal or inappropriate by the authority. According to the job description, the candidates should hold a bachelor degree or higher, have “high-level of morality and political awareness”, and preferably be…

China is serious about cleaning up Jinri Toutiao and Kuaishou this time

China's regulator for the media and entertainment sector, SAPPRFT (State Administration of Press, Publication, Radio, Film, and Television), has just released a public statement (in Chinese) on their official WeChat account ordering Jinri Toutiao and Kuaishou to start cleaning up their sites and clamping down "inappropriate" content. The SAPPRFT said in the statement that the issue with vulgar…

Short video platforms Douyin, Kuaishou accused of showing counterfeit products

Chinese short video platform such as Douyin and Kuaishou are being criticized for featuring video hosts who make and distribute counterfeit products on their videos, Tencent News is reporting. Some video hosts on platforms such as Douyin, and Kuaishou are forming a black industrial chain: They openly demonstrate the process of homemade lipstick and foundation and then affix brand names, leaving…

Video sharing app Kuaishou rumored to raise new funding with valuation at $15 billion

China’s leading short social video and photo sharing app Kuaishou is rumored to launch a new round of funding with the estimated valuation at $15 billion, according to the self-media “Kaiqi.” Kuaishou told other local media that it has nothing yet to release. In March, Kuaishou raised $350 million in its Series D financing led by the Chinese internet conglomerate Tencent, and was valued at…

Behind the success of Kuaishou, the biggest social video sharing app in China

Editor’s note: This originally appeared on China Tech Insights, an English research unit affiliated to Tencent’s Online Media Group. In March 2017, internet conglomerate Tencent announced a USD 350 million investment in Kwai (or Kuaishou in Chinese pinyin), a picture and video sharing social app that the WSJ describes as capturing “what life is like outside [of] China's biggest cities”. With 400…