News Snapshot:
Kuaishou's number of daily active users in the first half of this year expanded to 257.7 million -- an increase of nearly 50% from the end of 2019. © AP NIKKI SUN, Nikkei staff writer November 6, 2020 16:52 JST | Hong Kong Copy Copied HONG KONG -- Kuaishou Technology, operator of China's second-largest short-video app, has filed for an initial public offering in Hong Kong in an effort to build up its war chest as competition for viewers intensifies in the lucrative market. Backed by technology conglomerate Tencent Holdings, Kuaishou is a major competitor of Douyin, the domestic counterpart...
