Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: The View from China on U.S. Presidential Election Debate Antics
Trending in China: Disneyland Shanghai Hotel Prices Rocket to Over $1,000 a Night
Chinese Bitcoin Mining Machine Maker Ebang Establishes Canadian Subsidiary
Trending in China: Team Effort VS Individualism - What is the Message Behind Box Office Smash Hit Volleyball Movie Leap?
Tencent Leads Over $100m Funding in Pet Clinic Operator New Ruipeng
Watch Out Alipay and WeChat, Is Getting Into Online Payments
Search Engine Sogou Joins Exodus of Chinese Firms From Wall Street as Tencent Takes It Private
Huawei Showcases Smart Car Technologies at Beijing Auto Show
Trending in China: A David and Goliath Battle - Students Take on a Chinese Tech Giant and Win
Chinese Drug Manufacturer InventisBio Bags $147m Led by Hillhouse Capital
Profits of Weibo Soar Even as Revenue Falls
Chinese Electric Vehicle Startup Xpeng Receives Investment to Build Production Base in Guangzhou
Video Site Operator Mango Plans to Raise $660 Million to Expand Content Library
Chinese Biotech Firm Creative Biosciences Raises $88m From IDG, CDH, Others
Alibaba’s Ant Group Launches Blockchain-Based Platform to Streamline Cross-Border Trade
Trending in China: Mission Impossible? Young Environmental Hero Tries To Clean Up Tibet
Chinese Online Travel Agency Sees Revenue Plummet As Covid-19 Fallout Lingers
Chinese Supply Chain Provider Xingyun Closes $200m in a Series C Round
Chinese EV Charging Operator Star Charge Nabs $125m Co-Led by Schneider, CICC
Trending in China: One of China’s Weirder Poverty Alleviation Programs Goes Viral with 100m Plus Views
Kuaishou Logs 500 Million Online Shopping Orders in August

By Ding Yi / Sep 17, 2020 12:54 PM / Business & Tech

Photo: VCG

Photo: VCG

Chinese short video company Kuaishou is redoubling efforts to build its e-commerce empire in the hope of becoming a major online shopping platform able to take on bigger rivals like Alibaba and

On Wednesday, Kuaishou said the number of online shopping orders generated on its platform hit the 500 million mark in August, boosting its aim to increase the number of businesses selling products on its platform.

Starting as a GIF generator app in 2011, Kuaishou changed its business model in 2012 to become an online community for creating and sharing short videos. Now, trying to capitalize on a boom in livestreaming e-commerce in China, the company has laid out a blueprint for the emerging business, which could change consumers’ shopping habits.

Last month, Kuaishou announced the launch of a project that aims to help more than 100,000 new businesses achieve annual sales of 1 million yuan ($146,000) on its platform in the next year. In June, the company said that it plans to invest 3 billion yuan to build a livestreaming e-commerce headquarters in the western Chinese city of Chengdu, which it said will be home to multi-channel networks (MCNs), online celebrities and brand owners.

Kuaishou says it has more than 100 million daily active users for its e-commerce services, nearly 45% based in first- and second-tier cities.

Contact reporter Ding Yi (

Related: Chinese Short Video Platform Kuaishou Increases Livestreaming E-Commerce Investment with Massive Incubation Plan

Share this article
Open WeChat and scan the QR code