FILE PHOTO: Video-streaming app Kuaishou is pictured on a mobile phone in this illustration picture taken January 25, 2018. REUTERS/Florence Lo/Illustration/File Photo
The Tencent-backed company is set to raise up to $6.2 billion in what will be the city’s largest IPO in more than two years, according to Refinitiv’s IFR. Nicknamed the “platform of the people”, Kuaishou’s apps have built up a huge following mostly in China’s smaller cities thanks to viral short videos starring truck drivers, farmers and more. By September, the company boasted 305 million daily active users on its apps.
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China regulators held talks with Alibaba, Tencent, ByteDance on 'deepfake' technologiesChina's cyberspace regulator said on Thursday it and the public security ministry had held talks with Alibaba, Tencent, ByteDance and Kuaishou on potential problems with 'deepfake' technologies. People need a little more good news now.
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China's Kuaishou aims to raise up to $5.42 billion in Hong Kong IPOChinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters. More good news please((( 🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌✨ 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏✨
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Stratospheric IPO Debut Makes China’s Kuaishou a Global Media GiantShares of Chinese social video company Kuaishou made a stratospheric start in their post-IPO debut on the Hong Kong Stock Exchange. Early trading on Friday morning saw their price nearly triple, in…
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TikTok Rival’s Stock More Than Doubles in Hong Kong DebutShares in Kuaishou nearly tripled from their IPO price in early trading, implying a market value of more than $160 billion, versus nearly $61 billion when the share sale was priced. TaxTime 🤣 yeah ! Both are Chinese company
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Kuaishou aims to raise $5.4 billion in HK IPO, biggest since Uber - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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