Kuaishou Technology operates one of China's largest short video and live streaming platforms. Founded in 2011 by Su Hua and Cheng Yixiao, the company began as GIF Kuaishou, a mobile app for creating and sharing GIFs, before pivoting in 2013 to become a short video social platform. Its flagship Kuaishou app and international Kwai app enable users to record, share and discover short videos, with monetization through live streaming virtual gifts, online marketing services (advertising) and e-commerce. Kuaishou is the principal domestic competitor to ByteDance's Douyin in China.
Kuaishou is publicly traded
IPO'd on Feb 5, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under 1024.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Employees
10,000+
Total Funding
$4.37B
6 rounds
Last Private Valuation
$28.6B
Dec 2019
Sold 31.67% stake in Kling AI video-model unit for up to $3B at ~$15B pre-money valuation
External round marks a standalone value for the AI unit ahead of a planned spin-off listing
Internal plans call for Kling AI to file a Hong Kong IPO application in early 2027
A future standalone listing would separate AI-unit upside from the Kuaishou parent equity
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $4.37B across 6 rounds
Last updated 09-14-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Dec 2019 | Series F | $3B | $28.6B | Tencent |
| 2018 | Series E | $1B | $18B | Tencent |
| Mar 23, 2017 | Series D TechCrunch | $350M | $3B | Tencent |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B
$80M
Jun 2014
Kuaishou today
$28.6B
Dec 2019 · latest mark
Kuaishou multiple
358x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Cheng Yixiao
Co-founder & CEO
Su Hua
Co-founder & Chairman of the Board
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Douyin (ByteDance)
ByteDance's Chinese short video platform; Kuaishou's primary domestic competitor with greater scale and market share in China.
Bilibili
Chinese video sharing site focused on anime, comics and games (ACG) with Gen Z audience; competes for younger Chinese users' video time.
Chinese microblogging and social platform that also features short video content; competes for ad dollars and user attention.
Tencent Video
Tencent's long-form video streaming service; overlaps with Kuaishou on entertainment content despite Tencent being a Kuaishou investor.
Xiaohongshu (RED)
Chinese lifestyle social and e-commerce platform with rapidly growing short video and live commerce features.
TikTok (ByteDance)
ByteDance's international short video app; competes with Kuaishou's overseas Kwai app in markets like Brazil, Indonesia and the Middle East.
Yes, Kuaishou is publicly traded under the ticker symbol 1024 on the HKEX. The company went public in Feb 5, 2021.
Kuaishou trades under the ticker symbol 1024 on the HKEX. It began trading in Feb 5, 2021.
Kuaishou (1024 on the HKEX) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker 1024 to place an order.
Kuaishou went public in Feb 5, 2021 via ipo, with an offering valuation of approximately $28.6B. Kuaishou has been listed on the Main Board of the Hong Kong Stock Exchange (HKEX:1024) since February 5, 2021, when its IPO priced at HK$115 per share and raised about HK$41.3 billion (~US$5.4 billion). In July 2026 the company placed its Kling AI video-generation business in a subsidiary, Beijing Kling, which raised about RMB19 billion (~US$2.8 billion) from external investors including Tencent, Alibaba and Baidu at a US$15 billion pre-money valuation, leaving Kuaishou with roughly 68% of the unit. Kling AI is being prepared for a separate Hong Kong listing, reportedly targeted for 2027.
Kuaishou raised $4.37B across 6 disclosed funding rounds prior to its public listing.
Kuaishou was co-founded by Cheng Yixiao, and Su Hua in 2011.
Kuaishou is headquartered in Beijing, China.
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