News Snapshot:
ByteDance's chief rival files for US$5 billion Hong Kong IPO By Bloomberg Friday, November 06, 2020, 14:12 By Bloomberg In this undated photo, visitors look at information boards in Kuaishou's booth during a high-tech exhibition in Beijing. (PHOTO PROVIDED TO CHINA DAILY) Kuaishou Technology has filed an application for a Hong Kong initial public offering, heading toward a listing that could raise as much as US$5 billion and beat larger rival ByteDance Ltd. to market. Kuaishou, or “fast hand,†reported revenue climbed 48 percent to 25.3 billion yuan (US$3.8 billion) in 2020’s first half, underlining the scorching pace of growth...
