Kuaishou began in 2011 as a mobile photo-sharing destination and has expanded into live-streaming. The company’s photo product has amassed 400 million users, and Kuaishou claims about 50 million daily users with five million videos uploaded each day. It offers an international product but primarily competes domestically with rivals such as Miaopai and Momo. Kuaishou said it will work with Tencent and Baidu on product, technology and distribution following the investment. The company plans to use the capital to invest in artificial intelligence and other R&D to further develop its product. TechCrunch previously reported Kuaishou is gearing up for a U.S. IPO later this year.

Total raised

$350M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2017