Kuaishou

JD links up with some of China’s most popular social platforms

It’s all about the low-tier city market

Kuaishou, the social video platform backed by Tencent, and already a unicorn startup, is targeting RMB 30 billion (USD 4.36 billion) in revenue as well as profitability this year, according to Chinese

But the move could curtail their future growth.

Kwai Concept’s goal is very transparent – to lure more users from first and second-tier cities.

Will Kuaishou’s new wearable tech and Tencent Weishi’s new action camera be game changers in the short-video competition?

Both Jack Ma’s Yunfeng Fund and Toutiao were said to be mulling over investing in AcFun.

Kuaishou is likely to be valued at USD 18 billion posts new financing round.