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China’s Love of TikTok-Style Apps Powers $5 Billion IPO – The Wall Street Journal

Kuaishou Technology targets world’s largest IPO since late 2019

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Kuaishou Technology has its eyes on the worlds biggest initial public offering in more than a year, seeking to raise about $5 billion from a Hong Kong share sale as short-video and live-streaming apps surge in popularity in China.
Kuaishouwhich competes with ByteDance Ltd., the rival Chinese company behind TikTok and its sister app Douyinstarted taking investor orders Monday. With the offering, which could value it at more than $60 billion, Kuaishou is joining a string of tech companies from China…

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