AcFun WebsiteĪcFun’s operating income in 2015 was 3.63 million yuan, with a net loss of 113 million yuan. When ChineseAll Digital acquired their shares in AcFun at the end of 2016, the value of AcFun was estimated to be 1.85 billion yuan. This puts AcFun at an evaluation of 1.04 billion yuan. at Tuesday noon, the listed company has sold their 13.51% stake in AcFun to Kuaishou for a price of 140 million yuan ($23 million). The details of the deal has not been disclosed, however, according to the announcement by ChineseAll Digital Publishing Group Co. Kuaishou will support AcFun in the provision of funding, resources, and technology while AcFun remains independent in its own brand, operation, staffing and development planning. Kuaishou, one of China’s most popular video apps, confirmed on Tuesday that it has completed the purchase of AcFun to fully own China’s largest online video hosting platform.
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