News Snapshot:
Chinas cash-burning video sector: how Kuaishou lost $1B in 6 months 06 Nov Chinas cash-burning video sector: how Kuaishou lost $1B in 6 months by Comments Rumors have been floating for months that ByteDance is going public with TikTok and Douyin separately. Just last night, Bloomberg reported that ByteDance is seeking a pre-IPO round of $2 billion at a staggering valuation of $180 billion. Before any of that materializes, ByteDance Chinese rival Kuaishou has moved ahead to file for an initial public offering in Hong Kong Thursday night, and its prospectus is shedding light on a race where both growth...
