Giving creative touch to lockdown life
Another template, namely#quarantine life#, encourages netizens to record their daily routine during the quarantine period. #Stay at home# is a more artistic template, helping users to enjoy an easy mood while recording their life at home.
QuVideo was among the first batch of Chinese internet-based companies to go global. Back in 2013, the company saw surging demand for "self-expression via video" in the overseas markets, which pushed it to establish branches or subsidiaries abroad.
In January 2013, QuVideo's mobile app VivaVideo was launched overseas. Nine months later, President Xi Jinping inaugurated the Belt and Road Initiative. The company actively responded to the initiative by expanding its business across countries and regions participating in the BRI.
In 2014, grasping the opportunities brought by the soccer World Cup in Brazil, it launched a Portuguese version of VivaVideo, which then ranked first on the most downloaded local video app list released by Google Play.
The breakthrough in the Brazilian market boosted the company's confidence that it can succeed overseas. It went about accumulating international experience. Within two years, VivaVideo posted exponential growth in the number of overseas users.
By the end of 2015, the app's users surpassed 100 million. Earlier this year, their number exceeded 1 billion. During the epidemic prevention and control period, their number grew constantly.
Talking of the secret behind QuVideo's overseas success, Han said he and his team have more than 10 years of international experience in corporate operations. The whole team's global perspective, strong big data ability, as well as scenario-based local operating experience also helped the company to achieve rapid growth and scale expansion in the global market.
"We always stick to the concept of localized operation. Based on different characteristics of different countries and regions, we design different filters, face-beautifying e-tools, animations, stickers, subtitles, special effects, among others, offering users more autonomy to work out diversified and personalized videos," Han said.
Shu Si, an analyst specializing in the short video business, said one of the most important challenges for Chinese short video enterprises going global is that they should strike a balance between localization and internationalization.
"Localization increases user stickiness, while internationalization builds brand image," Shu said.
Currently, the company's video-editing products are available in North America, Southeast Asia, Brazil, Europe, the Middle East and Northeast Asia, covering more than 200 countries and regions worldwide.
In 2019, the company's overseas revenue surpassed 100 million yuan ($14 million), up 50 percent year-on-year. The compound annual growth rate of its sales revenue in the past three years surpassed 50 percent.
