News Snapshot:

Beijing-based Kuaishou began as a GIF generator tool in 2011 and has become the second-largest short-video app in China after ByteDance's Douyin. (Source photos by AP) NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent September 17, 2020 19:26 JST | China Copy Copied HONG KONG -- Chinese online video startup Kuaishou, the Tencent Holdings-backed challenger to the domestic version of ByteDance's TikTok, is preparing for an initial public offering that would value the company at around $50 billion, according to three people familiar with the situation. The company, which runs its eponymous app in China as well as...

News Snapshot:

Beijing-based Kuaishou began as a GIF generator tool in 2011 and has become the second-largest short-video app in China after ByteDance's Douyin. (Source photos by AP) NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent September 17, 2020 19:26 JST | China Copy Copied HONG KONG -- Chinese online video startup Kuaishou, the Tencent Holdings-backed challenger to the domestic version of ByteDance's TikTok, is preparing for an initial public offering that would value the company at around $50 billion, according to three people familiar with the situation. The company, which runs its eponymous app in China as well as...