News Snapshot:
Kuaishou Technology, China’s most popular video service after ByteDance’s Douyin, is mulling to raise around $5.4 billion in the world’s biggest internet initial public offering (IPO) since Uber Technologies Inc, reported Bloomberg. According to the latest development, the Tencent Holdings Ltd-backed short video startup is selling 365 million shares at HK$105 to HK$115 each. The Chinese firm will begin taking investor orders from Monday through January 29 and is all set to list its IPO in Hong Kong on February 5. The Chinese firm is aiming the world’s biggest internet IPO since Uber’s $8.1 billion US sale in May 2019,...
