kuaishou stock us

HONG KONG (Reuters) – Kuaishou Technology more than doubled in its Hong Kong stock market debut on Friday, becoming the fifth-largest listed company in … Although Kuaishou is China's second-place platform behind Douyin, which is what Bytedance calls the Tik-Tok equivalent in China, Kuaishou is also backed by internet giant Tencent (OTC:TCEHY), which has a history of incubating very, very successful internet companies. Hong Kong stocks were headed for a winning week as Kuaishou surged as much as 200 per cent after attracting a record level of subscription from retail investors in the city’s market history. Click to view HKG:1024's StockReport FINANCIAL BRIEF:: For the nine months ended 30 September 2020,Kuaishou Technology revenues increased 49% to RMB40.68B.Net loss increased from RMB1.62B to RMB97.37B. It represents a technical analysis Friday's share jump gives Kuaishou a market capitalization of US$159 billion. The company plans to set aside almost US$2.5 billion of IPO stock for about 10 cornerstone investors, the people said. Kuaishou is targeting to raise as much as US$6 billion from the share sale, which is set to start taking orders as soon as Monday, the people said. What we know about the Kuaishou IPO Kuaishou is expected to go public. To buy stock once the company goes public, US investors will need an international brokerage account. Stockopedia rates Kuaishou Technology as a Highly Speculative Sucker Stock . The surge in Kuaishou's market debut valued the group at HK$1.23 trillion (US$159 billion). The technical analysis gauge below displays real-time ratings for the timeframes you select. Unfortunately, there isn't complete data on Bytedance, since it's still private. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In the nine months ended in September, Kuaishou made 62.2% of its revenue from virtual gifting, 32.8% of revenue from online advertising, and 5% from e-commerce sales. Kuaishou aims to raise about $5 billion, at a valuation of $50 billion or higher. Returns as of 03/10/2021. However, it will trade on the Hong Kong Stock Exchange, so in order to access the stock, you will need access to Hong Kong via your broker, or you'll have to buy an American deposit receipt if they are available at launch or shortly thereafter. After all, large investor Tencent owns 21.57% of the company, and Tencent, as the parent of WeChat, knows a thing or two about garnering large internet audiences. Daily users spend an average of 86 minutes per day on the platform, up significantly from the 52.7 minutes spent in 2017. One of the interesting cultural differences between China's internet economy and the U.S. internet economy is that while many U.S. internet platforms make money strictly through advertising, much of the Chinese internet economy runs on "virtual gifting," or essentially tipping content creators on social media with virtual gifts, which cost money. Shares of Kuaishou Technology, China’s second-most popular short-form video app behind TikTok owner ByteDance, rocketed nearly 300 percent Friday in their debut on the Hong Kong stock … While investors, especially those in internet tech companies, tend to prefer leaders, Kuaishou has still been posting impressive growth even as the second-place candidate in short video. (Jan 23): Kuaishou Technology, the Chinese short-video startup, has attracted BlackRock Inc. and the Abu Dhabi Investment Authority as cornerstone investors in its Hong Kong initial public offering, people with knowledge of the matter said.Capital Group Cos. and Canada Pension Plan Investment Board also committed to buy stock in the offering, the people said, asking not to be … Some may wonder how Kuaishou's numbers compare with main competitor in Bytedance. Before you dismiss gift-based social networks, consider the Chinese "virtual gifting" economy reached RMB140 billion ($21.6 billion) in 2019, and is expected to grow at a 19.9% average growth rate through 2025, reaching an estimated RMB416.6 ($64.3 billion) by then. At its current run rate, the company appears to be on track to make about $9 billion in revenue this year. On Friday, Kuaishou’s stock closed at 300 Hong Kong dollars a share, the equivalent of US$38.70. Kuaishou's stock skyrocketed in value as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. The … Kuaishou was initially conceived as an app to share animated GIFs, but the company moved to a short video social media platform in 2013 and added live streaming capabilities in 2016. Market data powered by FactSet and Web Financial Group. Online stock trading Is it a good time to buy Kuaishou stock? Cumulative Growth of a $10,000 Investment in Stock Advisor, Tencent-Backed Kuaishou, TikTok's Main Rival in China, Readies its IPO @themotleyfool #stocks $HPQ $GOOGL $TCEHY $GOOG, Why Shares of The9 Limited Traded Sharply Higher Today, comScore, Inc. (SCOR) Q4 2020 Earnings Call Transcript, If You're Going to Pick Stocks, You Have to Keep Score, Copyright, Trademark and Patent Information. CNN's Selina Wang reports. Stock analysis for Kuaishou Technology (KUASF:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 1 Rival Kuaishou’s Mega IPO by the Numbers, Kuaishou Is Said to Trade at Twice IPO Price in Gray Market, Ex-Googler Turns Virtual Gifts Into a $61 Billion Business, Chinese Video App Kuaishou Raises $5.4 Billion in Hong Kong IPO, ByteDance Foe Seeks $5.4 Billion in Biggest Tech IPO Since Uber, Kuaishou Targets $5.4 Billion in Hong Kong IPO, Kuaishou $6 Billion IPO Is Said to Draw BlackRock, Abu Dhabi, Bloomberg Studio 1.0: Robinhood CEO Vlad Tenev, Kuaishou Headquarters Image source: Getty Images. Kuaishou aims to raise about $5 billion, at a valuation of $50 billion or higher. The company on Friday watched its shares triple in value on the Hong Kong Stock Exchange, following a … Tencent-backed Kuaishou is going public. While the negative EBITDA margin may concern come, Kuaishou also mentions in its filing that the company made a distinct effort to ramp up investment in technology and marketing this year as Chinese citizens were stuck at home. Get today's Kuaishou Technology stock price and latest 1024 news as well as Kuaishou Technology real-time stock quotes, technical analysis, full financials and more. The Hang Seng Index advanced 0.6 per cent to 29,295.81 on Friday, topping the advance this week to 3.6 per cent. Kuaishou, Nine Months Ended September 2020, Bytedance, Nine Months Ended September 2020. You might have just come to this article after taking in a "Sea Shanty," the latest music craze to hit short-form video platform TikTok. Here are the ins and outs of Kuaishou and the case for its stock. The stock closed at HK$300 on Friday, valuing the 10-year-old unprofitable company at HK$1.23 trillion (US$159 billion) In Feb. 2021, shares of Chinese short video app company Kuaishou jumped 194% at the open on its Hong Kong debut. Kuaishou traditionally made all of its money from commissions on virtual gifting, over 95% in 2017; however, the company has since expanded and diversified its revenue streams, adding online advertising, and then adding e-commerce to the mix in 2018, with users selling goods via Kuaishou videos. We’re motley! Kuaishou stock soars after IPO Jerome Powell: US economy 'some time' away from full recovery Cantor Fitzgerald CEO: SPACs are private equity … 3 brokers rate it as a 'Strong Buy'. Kuaishou has secured 10 cornerstone investors, including Capital Group, Temasek, BlackRock Inc., Canada Pension Plan Investment Board and Boyu Capital.

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