News Snapshot:
--Chinese short video start-up Kuaishou plans to raise up to US$5 billion in a Hong Kong initial public offering, Reuters reports, citing unnamed sources. --The company, backed by social media and gaming giant Tencent Holdings Ltd., targets a valuation of over US$50 billion, Reuters reports. --The listing of Kuaishou, a major rival to TikTok's owner ByteDance Ltd., could take place as early as January, according to Reuters. Full story: https://reut.rs/2E9OH6t Write to Singapore editors at singaporeeditors@dowjones.com
