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Nearly half of the most powerful players in venture capital are quietly investing billions in Chinese tech startups rather than their US competitors. ....
GIC to invest more than $800 million to acquire logistics facilities in Japan; Korea Post mulls second overseas office; Hong Kong MPF's offset mechanism to end on May 1, 2025; and more. ....
Ordinary people strike it rich on Kuaishou archive.shine.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.shine.cn Daily Mail and Mail on Sunday newspapers.
Kuaishou: China s $160 Bn Livestreaming App For Ordinary People By Beiyi SEOW 02/08/21 AT 3:05 AM On Lu Kaigang s feed, sheets of tarp are transformed into haute couture as China s mountainous backdrop becomes his catwalk, a 22-year-old villager sashaying to fame via a video-sharing app for the everyman Kuaishou. Lu is one of hundreds of millions of users uploading short clips to the app, which propelled its parent company to a $5.4 billion initial public offering last week. But while its competitor Douyin the Chinese version of TikTok is famed for trendy and typically urban influencers, Kuaishou reaches a different demographic, lassoing in migrant workers and rural Chinese. ....