Foreign media said that Fast Hand plans to go to the United States in the second half of this year, with a valuation of 20.6 billion yuan

According to foreign media reports, China's video sharing application Quick Hand is planning to go public in the United States later this year.

Fast Hand was originally a camera software, but later became familiar to more people with the popularity of live broadcasts. There are many broadcasters who people think are "exotic" on the fast hand, as well as events with great influence such as "pseudo-charity". To this end, Kuaishou was also interviewed by the Cyberspace Administration.

In an interview with the media, Fast Hand CEO Su Hua said that Fast Hand is a recorder of ordinary people's lives. In the eyes of some media, Fast Hand, which is full of controversial content, is a "cruel bottom-story" in China society; In the eyes of industry insiders, the low-end user group comes from a huge rural area that is not familiar to outsiders. According to Fast Hand official data, whether it is video sources or users, the largest group of Fast Hand is actually from the capital Beijing.

Currently, the fast-hand app has been launched in the U.S. market called Kwai. Although there has been little progress in the U.S. market, Fast Hand has performed strongly in the China market. Sources said that the number of daily active users of Kuaihang exceeds 40 million, while the number of monthly active users reaches 100 million. Reports pointed out that the current market valuation of Fast Hand has reached 20.6 billion yuan.

According to IT Orange financing information, Fast Hand has completed Series C financing, and Baidu, Sequoia Capital, etc. are all its investors. The specific financing information is as follows: In

addition, Fast Hand users can pay for "gold coins" in the application, which gives the company a new source of income.

It is not surprising that Fast Hand's valuation reaches 20.6 billion yuan. For comparison, Snapchat has 150 million daily active users, is launching an IPO, and its market value is expected to exceed $20 billion. Marco Polo, another fast-growing video intercom app in the United States, is said to be valued at US$100 million.

A major advantage of Fast Hand is that it does not have to face competition from Facebook and Instagram in the China market, which gives the company a lot of room for development. In addition, fast hands don't have to face Snapchat, which is providing similar features to fast hands.

However, if Facebook or Snapchat enters the China market, fast hands will face an impact. Despite Facebook's size, growth is slowing, so the company is eager to open up the China market.

Yien.com compiled and released it based on relevant reports from TechWeb and Tencent Technology.

Editor: Nancy