This paper concerns a fractional Kirchhoff equation with critical nonlinearities and a negative nonlocal term. In the case of high perturbations (large values of α, i.e., the parameter of a subcritical nonlinearity), existence results are obtained by the concentration compactness principle together with the mountain pass theorem and cut-off technique. The multiplicity of solutions are further considered with the help of the symmetric mountain pass theorem. Moreover, the nonexistence and asymptotic behavior of positive solutions are also investigated.