Kuaishou
快手
Kuaishou (HK:1024) is a Hong Kong-listed short-video and livestreaming platform — a company that received early investment from Cao Xi — whose origins trace back to the GIF Kuaishou app built by product-and-engineering-founder Cheng Yixiao, which kicked off its short-video era . In the past two years its identity has increasingly hinged on AI: it launched the Kling video-generation model in June 2024, built a multimodal model family spanning text (Kuaiyi), image (Ketu), and video (Kling), and by February 2025 Kling-related businesses had brought in over RMB 100 million in cumulative revenue, with AIGC marketing material and virtual-host livestreaming burning RMB 30 million a day . The commercial base underneath remains ads and e-commerce — in 2024 online marketing revenue reached RMB 72.4 billion, up 20%, and e-commerce GMV hit RMB 1.39 trillion, up 17.3% — while the stock rose roughly 50% in 2024 to a market cap near HK$250 billion . Note the most recent material here is from April 2025, so anything after that sits outside elsewhere's coverage.
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Coverage
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Here's to Kuaishou — may it thrive endlessly, connect all things, and create more beauty and order!
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