ByteDance's chief rival 'wins HKEX nod for US$5b IPO' Hong Kong


Source: chinadailyhk.com chinadailyhk.com

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ByteDance's chief rival 'wins HKEX nod for US$5b IPO' By Bloomberg Thursday, January 14, 2021, 21:13 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 , the main rival to ByteDance Ltd, has received approval from the Hong Kong stock exchange for an initial public offering of about US$5 billion, according to people familiar with the matter, paving the way for one of the city’s biggest listings of the year. The Tencent Holdings Ltd-backed short video startup plans to begin gauging demand...