BRIEF: Kuaishou temporarily halts livestreaming service after attack

1024.HK
Kuaishou does entertainment

Online video site Kuaishou Technology (1024.HK) said on Tuesday the livestreaming function on its app was attacked around 10 p.m. the previous day, forcing it to shut down the service. The attack targeted the service’s content moderation functions, resulting in a brief flood of pornographic material onto the livestreaming platform, according to Caixin.

Kuaishou said it repaired the system, and the livestreaming function on its app was gradually resuming normal service. It added that other services on its Kuaishou App were unaffected by the disruption. “The company strongly condemns the illegal and criminal activities of the underground and gray industries, and has reported the incidents to the police and relevant departments,” Kuaishou said.

Livestreaming is one of three main income sources for Kuaishou, accounting for 27% of its revenue in the third quarter. The company is one of China’s largest video content providers, with more than 400 million daily active users.

Kuaishou’s shares fell 3.5% on Tuesday after the announcement midway through the trading day. The stock recovered slightly on Wednesday and was up 0.4% at the midday break.

By Doug Young

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