Kuaishou files for Hong Kong IPO as world’s second-biggest short video app joins march of Chinese tech companies to raise funds

//Kuaishou files for Hong Kong IPO as world’s second-biggest short video app joins march of Chinese tech companies to raise funds

Kuaishou files for Hong Kong IPO as world’s second-biggest short video app joins march of Chinese tech companies to raise funds

Kuaishou Technology, the world’s second-largest video sharing platform and a competitor to TikTok, has applied to raise funds via an initial public offering (IPO) in Hong Kong, continuing the march by Chinese companies to tap capital in the financial hub.The Beijing-based company, which reported 302 million average daily active users in the first six months, said it plans to use the capital it raises to enhance its ecosystem and strengthen research and development and technology, according to a…

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By | 2020-11-05T15:46:26+00:00 November 5th, 2020|Headlines|Comments Off on Kuaishou files for Hong Kong IPO as world’s second-biggest short video app joins march of Chinese tech companies to raise funds