China's Kuaishou shares fall to near five-week low after livestreaming cyberattack

Kuaishou shares fall nearly 6% after a cyberattack disrupted livestreams and exposed users to explicit content. The company has resumed livestreaming and reported the incident to authorities.

Reuters

December 23, 2025

China's Kuaishou shares fall to near five-week low after livestreaming cyberattack

The logo of online video service operator Kuaishou Technology is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. REUTERS/Aly Song

Aly Song

Shares of Kuaishou dropped by as much as 6% on Tuesday to HK$62.70 ($8.06), their lowest since November 21, after the Chinese short video platform was hit by a cyberattack on Monday night.

The stock is set for its biggest one-day percentage drop since October 14 and was the top percentage decliner on the Hang Seng Tech Index HSTECH, which was down 0.5%.

The closest rival to TikTok's Chinese version Douyin on Tuesday confirmed it experienced a livestreaming cyber incident at around 10 p.m.(1400 GMT) Monday.

It has initiated its emergency plan. The livestreaming function of its app has gradually resumed normal service, while other services remain unaffected, according to a company statement.

The company has reported the incident to the police and relevant departments, the statement said, adding that it will take other legal remedies.

According to Chinese media reports and social media posts, many users had been exposed to vulgar, violent and other explicit livestreaming content on the platform on Monday night, which some described as "unprecedented".

-Beijing newsroom/Reuters