Discover and read the best of Twitter Threads about #xinba

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@KimKardashian who? Chinese #KOL sells US $300milion of goods in one session on @KuaishouVideos. #Xinba sold 16 million items in 12hrs, setting a new record on #Kuaishou. previous record being $220m by Xinba. @psb_dc @amitTwitr @richardturrin @jasuja scmp.com/tech/big-tech/…
Kuaishou who?
They are a the short video and social media platform.
📹competitor to @BytedanceTalk.
❇️Kuaishou have 770million active monthly users & 250m daily users.
💴Over $60Billion in #ecommerce sales in 2020, a 50% yoy increase. 2/
Kuaishou #stock was up over 200% after #IPO on @HKEXGroup. Marketcap now at $160Billion. @TencentGlobal is one of their major shareholders with #tencent related entities owning over 20% .
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