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Kuaishou Technology
COMPANY PROFILE

Kuaishou Technology is a leading content community and social platform. It believes engagement and interactions among people create value. As a result, it continuously improves and enhances content creation tools and services that empower people to chronicle and share their life experiences, and showcase their talents. Globally, the Group is the largest live streaming platform by gross billings from virtual gifting and average live streaming MPUs, the second largest short video platform by average DAUs, and the second largest live streaming e-commerce platform by GMV, all for the nine months ended September 30, 2020, according to iResearch.

Its users have contributed to vast and organically growing repository of short video and live streaming content. It works with business partners to provide products and services that address various needs that arise naturally on its platform. These include entertainment, online marketing services, e-commerce, online games, online knowledge-sharing, and more. This increase user engagement on its platform and strengthen the virtuous cycle among its users, content and business partners over time.

The Group monetizes primarily through the sale of virtual items, provision of various forms of online marketing services, and commissions from e-commerce sales on its platform. The Group provides businesses with online marketing solutions and an e-commerce marketplace that helps them reach and engage their target customers.

In the nine months ended September 30, 2020, there were 305 million average DAUs and 769 million average MAUs of its apps and mini programs in China. In the same period, its DAUs on average spent over 86 minutes per day on Kuaishou App and accessed Kuaishou App more than 10 times a day. It also had approximately 1.1 billion average monthly short video uploads on Kuaishou App in the nine months ended September 30, 2020.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureE-Commerce & Internet Services
Websitewww.kuaishou.com
Board Lot100
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
GLOBAL OFFERING
No. of Offer Shares365m shares
No. of International Offer Shares356m shares
No. of HK Offer Shares9.13m shares
Offer Price$105.00 - $115.00
Nominal ValueUS$ 0.0000053 each
Stock Code1024
Joint SponsorsMorgan Stanley Asia Limited, Merrill Lynch Far East Limited, China Renaissance Securities (Hong Kong) Limited
Joint Global Coordinators, Joint Bookrunners and Joint Lead ManagersMorgan Stanley Asia Limited, Morgan Stanley & Co. International plc, Merrill Lynch (Asia Pacific) Limited, China Renaissance Securities (Hong Kong) Limited
Joint Bookrunners and Joint Lead ManagersThe Hongkong and Shanghai Banking Corporation Limited, ICBC International Capital Limited, ICBC International Securities Limited, Haitong International Securities Company Limited, CMB International Capital Limited, BOCI Asia Limited, Futu Securities International (Hong Kong) Limited
TIME TABLE
Application PeriodJan 26 (Tue) - Noon, Jan 29 (Fri)
Price Determination DateOn or Before 5pm, Jan 29 (Fri)
Result Announcement DateOn or Before Feb 4 (Thu)
Dispatch of Shares and Refund ChequesOn or Before Feb 4 (Thu)
Dealings in Shares commence onFeb 5, 2021. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription13X - 48X48X - 95XOver 95X
% of total shares reallocated to HK Offer5%5.5%6%
DIRECTORS
ExecutiveSU Hua (Chairman), CHENG Yixiao
Non-ExecutiveLI Zhaohu, ZHANG Fei, SHEN Dou, LIN Frank
Independent Non-ExecutiveWANG Huiwen, HUANG Sidney Xuande, MA Yin
MAJOR SHAREHOLDERS
Director SU Hua,11.79% (total capital); 39.36% (voting rights)
Director CHENG Yixiao9.36% (total capital); 31.2% (voting rights)
TENCENT (00700)17.74% (total capital); 6.62% (voting rights)
5Y Capital13.70% (total capital); 5.12% (voting rights)
DCM7.60% (total capital); 2.84% (voting rights)
DST5.29% (total capital); 1.97% (voting rights)
INCOME STATEMENT (RMB'MIL)
(Year ended Dec 31)
2020 *20192018
Revenue40,67739,12020,301
Gross Profit15,31114,1045,802
Pre-Taxed Profit(98,119)(19,265)(12,401)
Attributable Profit for the period(97,371)(19,652)(12,429)
* For the nine months ended September 30, 2020.
OFFER STATISTICS (HK$)
Offer Price$105.00 - $115.00
Capitalization$431,400m - $472,400m
Unaudited pro forma adj NAV / share$16.64 - $17.52
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $110.00, the net proceeds raised would be HK$39,477.4m, of which:
* $13,817.1m (35.0%) to enhance and grow its ecosystem, continue enriching and improving the quality and diversity of its content offerings, and continue improving the experience of our users and business partners through improved functionalities and services;
* $11,843.2m (30.0%) to strengthen its research and development and technological capabilities ;
* $9,869.4m (25.0%) to be used for selective acquisitions of or investment in products, services and businesses, particularly in areas such as content, social entertainment and software, ;
* the balance of $3,947.7m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01024KUAISHOU-Wup269.60010.4004.012%
03700INKEdown2.230-0.010-0.446%
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
  Quote data is at least 15-min delayed,last updated: 14/04/2021 10:15
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