Live broadcast platform quickly completed a new round of US$350 million strategic financing, Tencent led the investment

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Su Hua, founder and CEO of Quick Hand, said: "After more than six years of development, Quick Hand has grown into a leader in the domestic life sharing community. It is an honor that the team's pursuit of products and technologies has been recognized by users. Tencent and the participation of investors in this round also fully reflects the Internet industry's confidence in the company's potential. According to Quick Hand, in addition to the capital level, Quick Hand will also conduct more in-depth discussions with Tencent and Baidu in various aspects such as products, technologies and services.

On March 23, China Life Sharing Platform Fast Hand announced the completion of a new round of financing of US $350 million. Tencent led the financing, and the fast hand side did not disclose whether the old shareholders represented by Baidu would follow.

According to Fast Hand, in addition to the capital level, Fast Hand will also conduct more in-depth cooperation with Tencent and Baidu in products, technologies and services to promote comprehensive upgrades of user experience and further consolidate Fast Hand's leading position in the field of life sharing.

According to data provided by Fast Hand, Fast Hand currently has more than 50 million daily active users and more than 5 million videos uploaded a day. It uses video to help 400 million people record and share their lives, ranking first in the domestic mobile app traffic list for three consecutive years. Fast Hand launched the live broadcast function for less than a year and has rapidly grown into a leader in the industry.

Quick Hand said that the new round of financing will be used to continuously improve product experience and technology research and development. The company will continue to explore forward-looking artificial intelligence and video analysis technologies to increase the company's industry leadership.

Ma Huateng, Chairman and CEO of Tencent, said: "Quick Hand focuses on serving the records and sharing of ordinary people's daily lives, shortening the distance between people. It is a very close to users on the mobile Internet in China., warm and vibrant product."

Li Zhaohui, investment management partner of Tencent, said: "We are very optimistic about Su Hua and his team. They have ideals, can persist, have profound technical accumulation and strive for excellence in their products. We look forward to in-depth cooperation with Fast Hand in the future, and believe it will bring more exciting and interesting product experiences to more users.

Su Hua, founder and CEO of Quick Hand, said: "After more than six years of development, Quick Hand has grown into a leader in the domestic life sharing community. It is an honor that the team's pursuit of products and technologies has been recognized by users. Tencent and the participation of investors in this round also fully reflects the Internet industry's confidence in the company's potential. In the future, Fast Hand will increase investment in user experience, artificial intelligence and other aspects, and strive to become the world's leading life sharing platform. Fast hands will not forget their original aspirations and continue to record and share life services for ordinary people, so that everyone can discover a real and interesting world."

Editor: Nancy