News Snapshot:
Chinese video-clip and live-streaming group Kuaishou Technology is seeking to raise up to $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 investor 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 company behind TikTok. With a minimum deal size of $4.95 billion, the IPO would be the largest in the world since late 2019, when state-controlled Saudi Arabian Oil Co.,...
