Kuaishou Technology
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.

Kuaishou IPO Rises 160% on Day 1, Raised $5.32 Billion

7th February 2021 | Hong Kong

Chinese short video streaming & social media platform Kuaishou Technology share price rose 160% on the first day of trading (5/2/21) on the Hong Kong Stock Exchange, valuing the company at more than $150 billion.  Kuaishou Technology IPO price is HKD 115, opened much higher at HKD 338 and rising to a high of HKD 345, before closing at HKD 300 on the 1st day of trading.

“Kuaishou IPO Rises 160% on Day 1”

Kuaishou Technology had priced the company at the top range IPO price at HKD 115, raising $5.32 billion (HKD 41.28 billion) in IPO proceeds. (IPO ~ Initial Public Offering)

Ads & Announcements


Kuaishou – From GIF Creator to Short Video Service

Kuaishou Technology

Kuaishou Technology was founded in 2011 by former Google employee Su Hua and HP software engineer Cheng Yixiao.  The company known as GIF Kuaishou, allow users to created animated images, also known as GIFs (Graphics Interchange Format).  In 2013, they launched a social media platform and short video service and they grew rapidly to become one of the largest online social media & video streaming platform.  For the first 9 months of 2020, their app reported daily users of 262.4 million and revenue of $6.2 billion.


One of the Richest in Asia: Su Hua and Cheng Yixiao

Shanghai, China

With the IPO of Kuaishou Technology, Su Hua and Cheng Yixiao became billionaires and one of the richest people in Asia with their personal fortune rising to more than $18 billion and $13 billion respectively.

Su Hua is the co-founder and CEO of Kuaishou Technology. He graduated from the School of Software of Tsinghua University. Prior to joining Kuaishou, Mr. SU worked as an engineer at Google China and Baidu, Inc..

Cheng Yixiao is the co-founder of Kuaishou Technology. He received his bachelor’s degree in software engineering from the Software College of Northeastern University in Liaoning Province. He previously served as a software engineer and developer at Hewlett-Packard (NYSE:HPQ) and worked at Renren Inc. (NYSE:RENN).


Cornerstone Investors, Underwriters

Kuaishou Technology is backed by Tencent and in the IPO, cornerstone investors include Capital group, BlackRock, Fidelity, Morgan Stanley, GIC, Temasek, Abu Dhabi Investment Authority, Canadian Pension Plan Investment Board and Boyu Capital.

Morgan Stanley, Bank of America and China Renaissance Holdings are the underwriters of the IPO.

Visit: Kuaishou Investor Information



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives

New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Subscribe / Sign Up / Contact Us

    Mailing ListFree TrialPromo $20 MonthlyPromo $180 YearlyInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly

    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights

    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014

    Web links may be disabled on mobile for security.
    Please click on desktop.

    Previous articleHong Kong & Singapore Regulators Warn Investors of Increased Trading Risks Triggered by Social Media & Online Forums
    Next articleHong Kong Exchange Appoints JP Morgan International Private Bank CEO Nicolas Aguzin as New CEO 
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia