Chinese short-video and live-streaming platform Kuaishou will give each of its regular employees 100 shares of stock as ayear-end bonus, which worth more than HK$30,000 ($3,870), according to several insiders cited by Caijing.com.cn.
Kuaishou (stock code: 1024.HK) went public in Hong Kong on February 5, opening at HK$338, up 193 percent from its offering price.
Kuaishou closed up 160 percent to HK$300 on Friday. On Monday, the stock rose 1 percent to HK$303, giving it a market capitalization of HK$1.24 trillion (US$160 billion), surpassing Jingdong's market capitalization to become the fifth-largest listed company on the Internet in China.
(Source: Yahoo Finance)
Kuaishou is another Chinese tech company that gives each employee shares as bonus, after Chinese tech giant Tencent.
Employees of Tencent posted on social media networks that the company gave each employee 100 shares of stock as a year-end bonus, which worth around HK$74,000, or about USD $9,450.
According to Jiemian.com, employees who have joined the company for less than a year can also get this reward, and some employees who joined the company in December last year also received the reward.
Tencent responded to media outlet Thepaper.cn, saying that the award was only given to employees who made special contributions and not to everyone.
In July 2017, Tencent issued a total of about 17.87 million new shares to reward 10,800 employees, accounting for 34 percent of its workforce at the time.
Tencent gives some employees 100 shares of stock as year-end bonus
