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Top News In சீனா மறுமலர்ச்சி ஹோல்டிங்ஸ் லிமிடெட் Today - Breaking & Trending Today

TikTok rival's $5.4 billion IPO draws big investor following

TikTok rival’s $5.4 billion IPO draws big investor following
The initial public offering is set to be the world’s largest in more than a year, and will value the company at nearly $61 billion. Kuaishou, which is backed by Tencent Holdings Ltd., competes with ByteDance Ltd., the Chinese company behind TikTok and its sister app Douyin.
(AP)
Joanne Chiu,
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Chinese short-video app operator Kuaishou Technology will raise $5.4 billion from its Hong Kong listing, hitting its maximum fundraising target after meeting strong investor demand.
The initial public offering is set to be the world’s largest in more than a year, and will value the company at nearly $61 billion. Kuaishou, which is backed by Tencent Holdings Ltd., competes with ByteDance Ltd., the Chinese company behind TikTok and its sister app Douyin. ....

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Kuaishou Seeks $5.4 Billion in Biggest Tech IPO Since Uber

ByteDance Foe Seeks $5.4 Billion in Biggest Tech IPO Since Uber
Bloomberg
1/25/2021
Julia Fioretti and Zheping Huang
© Bloomberg
Beijing Kwai Technology Co. s app Kuaishou, or Kwai, is arranged for a photograph on a smartphone in Hong Kong, China, on Tuesday, Jan. 16, 2018. Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia.
(Bloomberg) Kuaishou Technology, the operator of China’s most popular video service after ByteDance Ltd.’s Douyin, is seeking to raise as much as $5.4 billion in the world’s biggest internet initial public offering since Uber Technologies Inc. ....

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China Vaping Firm More Than Doubles in Trading Debut

Chinese e-cigarette maker RLX Technology Inc. jumped 146% in its trading debut after raising $1.4 billion in a U.S. initial public offering. ....

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Kuaishou Seeks to Raise Up to $5.4 Billion in Hong Kong IPO

Kuaishou Technology, the operator of China’s most popular video service after ByteDance Ltd.’s Douyin, is seeking to raise as much as $5.4 billion in the world’s biggest internet initial public offering since Uber Technologies Inc. ....

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ByteDance Foe Seeks $5.4 Billion in Biggest Tech IPO Since Uber

ByteDance Foe Seeks $5.4 Billion in Biggest Tech IPO Since Uber
Bloomberg
1/25/2021
Julia Fioretti and Zheping Huang
© Bloomberg
Beijing Kwai Technology Co. s app Kuaishou, or Kwai, is arranged for a photograph on a smartphone in Hong Kong, China, on Tuesday, Jan. 16, 2018. Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia.
(Bloomberg) Kuaishou Technology, the operator of China’s most popular video service after ByteDance Ltd.’s Douyin, is seeking to raise as much as $5.4 billion in the world’s biggest internet initial public offering since Uber Technologies Inc. ....

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