TECH CRUNCH - June 24 - Kuaishou, a Chinese short video company known overseas for its video apps Kwai, has sailed past the 1B MAU mark. China remains Kuaishou's key market. Its overseas MAUs exceeded 100M in Q1 and quickly jumped to 150M MAUs by April. Listed in Hong Kong, Kuaishou's stock climbed ~6% to ~$25.7 a share, lifting its market cap to ~$107B, though the price is well below its peak at $53.45 in February.
by Rita Liao
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