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Kuaishou Introduction:

Beijing Kuaishou Technology Co., Ltd. was registered and established in Haidian Branch on March 20, 2015. Legal representative Yinxin. The company's business scope includes engaging in Internet cultural activities, publications, retail technology development, etc. On October 14, 2019, the company's "Kuaishou Happy Rural Leader Plan" case was selected as a typical case of Internet poverty alleviation in 2019 by China Internet Network.

On January 9, 2020, Hurun Research Institute released the 2019 Hurun China Top 500 Private Enterprises, and Kuaishou Technology ranked 50th. Kuaishou was officially listed on February 5, 2021. On October 29, 2021, Kuaishou announced that with immediate effect, the company’s board of directors has agreed that co-founder Su Hua will resign as CEO.

It also approved co-founder Cheng Yixiao to take over as CEO. Kuaishou’s user positioning is social average. The distribution of Kuaishou users in second- and third-tier cities is determined by the shape of Chinese society. If we think of all Kuaishou users as one person, he is equivalent to an average person in society. Only 7% of China's population is in first-tier cities, and 93% is in second- and third-tier cities, so the "social average person" falls in second- and third-tier cities.