KU
Kuaishou
Platforms · HKEX 1024
Kuaishou is China's number-two short-video platform, where livestream selling turned everyday creators into a shopping channel and rewired how goods get sold.
The scrappier rival to Douyin (China's TikTok), Kuaishou turned short video into a shopping mall — its live-commerce engine now moves well over a trillion yuan of goods a year, proving entertainment and checkout are the same swipe.
▼ 1.86% todayHKD 40.06
Culture surfaces · 6
In the news
Kuaishou files for US$3 billion Kling AI funding round in Hong KongSouth China Morning Post · Jul 3, 2026Kuaishou shares jump after Tencent joins $2.8 billion raise for Kling AI subsidiaryCNBC · Jul 2, 2026Kuaishou E-Commerce Restructuring: Kang Le Leads All E-Commerce & Commercialization Brand Businesses, Creator Operations Established as Independent Division36 Kr · Jul 9, 2026Tencent Cuts Kuaishou Stake as Video Platform Presses Ahead With Share BuybacksThe Globe and Mail · Jul 7, 2026Kuaishou Jumps 6.9% as Kling AI Secures $2 BillionTradingView · Jul 6, 2026Alibaba, Tencent Back Kuaishou’s Kling AI In $2.8bn Fundraise, Valuing The AI Video Platform At About $15bnTekedia · Jul 4, 2026
How Kuaishou makes money
Kuaishou shows up by owning what happens after discovery: the platform, community, commerce, or repeat habit people keep returning to.
By the numbers
RMB126.9B2024 total revenueFull-year 2024 revenue rose 11.8% to RMB126.9 billion, up from RMB113.5 billion in 2023.399.4MAverage daily active usersAverage DAUs on the Kuaishou app reached 399.4 million in 2024, up 5.1% year-over-year.RMB1.39TE-commerce GMVTotal e-commerce GMV hit RMB1,389.6 billion in 2024, a 17.3% jump year-over-year.