Chinese Video-App Firm Kuaishou Launches US$5.4 Billion IPO in Hong Kong Morningstar


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Chinese Video-App Firm Kuaishou Launches US$5.4 Billion IPO in Hong Kong Provided by Dow Jones Jan 25, 2021 12:50 AM UTC By Joanne Chiu Chinese video-clip and live-streaming group Kuaishou Technology is seeking to raise up to US$5.4 billion from an initial public offering, joining a string of tech companies from China that have listed in Hong Kong. Kuaishou on Monday began taking investors' orders for the stock sale, ahead of a listing on Feb. 5, a term sheet showed. The company is backed by Tencent Holdings Ltd. and competes with ByteDance Ltd., the Chinese group behind TikTok. A deal...