News Snapshot:
(Reuters) - Chinese online short-video company Kuaishou Technology filed for a Hong Kong initial public offering (IPO) on Thursday that could raise up to $5 billion. The Tencent-backed start-up operates its eponymous app in China and overseas equivalents Kwai and Zynn. Its listing plans come as rival ByteDance - operator of Douyin at home and TikTok abroad - has become a target of U.S. government concern over data security. The nine-year-old company did not disclose the size, timetable or other key details of the offering in its preliminary prospectus. People with direct knowledge of the matter have previously told https://in.reuters.com/article/us-kuaishou-ipo/bytedance-rival-kuaishou-aims-to-raise-up-to-5-billion-in-hong-kong-ipo-sources-idINKBN2680F7...
