{"id":11562,"date":"2021-02-05T20:16:30","date_gmt":"2021-02-05T12:16:30","guid":{"rendered":"http:\/\/www.whatchina.cn\/?p=11562"},"modified":"2021-04-10T16:52:09","modified_gmt":"2021-04-10T08:52:09","slug":"the-market-value-of-kuaishou","status":"publish","type":"post","link":"https:\/\/www.whatchina.cn\/the-market-value-of-kuaishou.html","title":{"rendered":"The Market Value Of Kuaishou On The First Day Of Listing Is HK$1.23 Trillion"},"content":{"rendered":"<div class=\"37c28470d9d6d3cb9ff74e663adb766a\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3594734025006597\"\r\n     crossorigin=\"anonymous\"><\/script>\n<\/div>\n<ol>Kuaishou landed on the Hong Kong Stock Exchange today and opened at HK$338, an increase of 193.91% from the issue price of HK$115, with a market value of HK$1.39 trillion.<\/ol>\n<p>1.39 trillion Hong Kong dollars is approximately 180 billion US dollars. According to the market value ranking, Kuaishou is second only to Tencent, Alibaba, Meituan, and Pinduoduo, and ranks fifth on the Internet in China; it is about twice the market value of Xiaomi.<br \/>\nBased on the opening price of 338 Hong Kong dollars per share, Kuaishou co-founder, chairman and CEO Su Hua has a net worth of 174.5 billion Hong Kong dollars (approximately 22.5 billion U.S. dollars). According to Forbes real-time wealthy data, his net worth is less than JD founder Liu Qiangdong 1 billion dollars.<br \/>\nAt the gong knocking scene in Beijing, Kuaishou co-founder, chairman and CEO Su Hua, co-founder and chief product officer Cheng Yixiao delivered speeches respectively. Su Hua and Cheng Yixiao both mentioned that Kuaishou always cares about people most. It is respect for people, respect for labor and creation. Kuaishou will stand firmly with users as always.<br \/>\nSu Hua said that Kuaishou chose 1024 as the stock code because 1024 represents the power of technology and advanced productivity. Kuaishou hopes to use the power of science and technology to release greater energy from labor and creation, so that value creators can get better returns. Cheng Yixiao said that looking forward to the future, he hopes that Kuaishou can build a community with the most warmth and trust. Let Kuaishou users have a better life.<br \/>\nAccording to the previous prospectus, Kuaishou will issue 365 million shares in this IPO.<br \/>\nThe latest prospectus shows that in the first 11 months of 2020, Kuaishou has revenue of 52.5 billion yuan, gross profit of 20.9 billion yuan, and gross profit margin of 39.9%; the loss will continue to expand to 9.4 billion yuan.<br \/>\nKuaishou&#8217;s revenue in 2018, 2019, and the first half of 2020 were 20.3 billion yuan, 39.1 billion yuan, and 25.3 billion yuan, respectively. As of September 2020, revenue was 40.7 billion yuan.<br \/>\nIn 2017, 2018, 2019 and the nine months ended September 30, 2020, Kuaishou\u2019s net losses were 20 billion, 12.4 billion, 19.7 billion and 97.4 billion, respectively. After excluding changes in fair value, the adjusted profit of Kuaishou was 774 million, 204 million, 1 billion, and a loss of 7.2 billion.<br \/>\nAccording to the revised version, the average daily active users of the Kuaishou application rose from 262.4 million in the first nine months of 2020 to 263.8 million as of November 30, 2020. At the same time, the duration of daily active users continued to rise to 86.7 minute. According to previous disclosures, the average daily active users of Kuaishou apps and mini programs had reached 305 million as of September last year.<\/p>\n<div class=\"37c28470d9d6d3cb9ff74e663adb766a\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3594734025006597\"\r\n     crossorigin=\"anonymous\"><\/script>\n<\/div>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Kuaishou landed on the Hong Kong Stock Exchange today and opened at HK$338, an increase&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[272],"tags":[],"class_list":["post-11562","post","type-post","status-publish","format-standard","hentry","category-today"],"_links":{"self":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/posts\/11562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/comments?post=11562"}],"version-history":[{"count":0,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/posts\/11562\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/media?parent=11562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/categories?post=11562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/tags?post=11562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}