on November 5th evening, Kwai TSU formally submitted the IPO prospectus to the Hongkong stock exchange. According to the prospectus, from 2017 to 2019, the company’s revenue increased from 8.3 billion yuan to 39.1 billion yuan, and realized 25.3 billion yuan as of June 30, 2020. In 2019, the loss of equity holders of Kwai Chung company was 19 billion 620 million yuan, and the net loss in the first half of 2020 was 68 billion 91 million yuan. Under the measurement of non international financial reporting standards, the adjusted profit in 2019 is 1.347 billion yuan, and the net loss in the first half of 2020 is 6.348 billion yuan. Most of the revenue that

Kwai gets during its business record comes from live broadcasting business. In 2017, 2018, 2019 and the six months ending June 30, 2020, the proportion of income from live broadcasting was 95.3%, 91.7%, 80.4%, 86.9% and 68.5%, respectively. In the six months ended June 30, 2020, Kwai live broadcast average monthly paid users reached 64 million, and the average monthly income of live broadcast subscribers reached 45.2 yuan. The average online marketing service revenue of

active Kwai users increased from 6 yuan in 2017 to 14 yuan in 2018, then further increased to 42 yuan in 2019. By Kwai Chung, the average online marketing service revenue of active users per day increased from 14 yuan in the six months ended June 30, 2019 to 28 yuan in the six months ended June 30, 2020.

, among other businesses, Kwai’s revenue was 260 million yuan in 2019, and 810 million yuan in the first half of 2020. The proportion of total revenue increased from 0.1% to 3.2%. The main sources of income include e-commerce, online games and other value-added services.

as of June 30, 2020, the average daily active users of China’s Kwai Fu applications and small programs reached 302 million, with 776 million active users in the month. Kwai Kwai users spent more than 85 minutes on average daily applications and 10 times daily visits, and the total volume of e-commerce transactions contributed by

Kwai Tai platform increased from $96 million 600 thousand in 2018 to $59 billion 600 million in 2019, and increased from 3 billion 400 million yuan in the six months to June 30, 2019 to 109 billion 600 million yuan in June 30, 2020 for six months.

Kwai’s R & D expenditure in 2017, 2018, 2019 and six months ended 2019 and June 30, 2020 were 477 million yuan, 1 billion 800 million yuan, 2 billion 900 million yuan, 1 billion 300 million yuan and 2 billion 300 million yuan respectively, accounting for 5.6%, 8.6%, 7.5%, 7.5% and 8.9% of total revenue of the same period.

the promotion and advertising expenses for Kwai Chung were 13 billion 285 million yuan in the six months ended June 30, 2020. The marketing expenses of Kwai Chi extreme speed and other applications account for an important part of promotion and advertising expenses. < / P > < p > in the risk factors of the prospectus, the company’s business is highly regulated and faces significant competition from Internet companies operating content social platforms, online marketing businesses and e-commerce platforms in China. < / P > < p > 4. Our industry is constantly changing, and whether we can keep up with changes in user preferences or behaviors, or continue to innovate in technology or design functions that meet user expectations; < / P > < p > 9. Our e-commerce and other liquidation strategies may not always be effective or constantly improved, and we can not guarantee that we can successfully develop new realization channels and achieve sustained growth. < / P > < p > 10 Users’ illegal and improper content may have adverse effects on our brand image, business and business performance. We may also be responsible for the information or content displayed, obtained, linked or transmitted to our users on our platform or website. < / P > < p > 12. We may display, obtain, link or use to us on our platform or website Information or content disseminated by users, or claims or other charges of intellectual property infringement by a third party due to the exclusive information occupied by former employees; < / P > < p > 13. Concerns about the collection and use of user personal information and other privacy related and data security issues may damage our reputation and hinder existing and potential users from using our products and services; and < / P > < p > 13 14. We face significant competition from Internet companies operating content social platforms, online marketing businesses and e-commerce platforms in China, and whether we can compete effectively. Spontaneous combustion at a Guangzhou Motor vehicle intersection and other traffic lights in Shenzhen

By ibmwl