China's cash-burning video sector: how Kuaishou lost $1B in 6 months thumbnail

Rumors have been drifting for months that ByteDance is going public with TikTok and Douyin individually. Just last night, Bloomberg reported that ByteDance is looking for a pre-IPO round of $2 billion at a shocking valuation of $180 billion. Prior to any of that materializes, ByteDance Chinese rival Kuaishou has actually moved ahead to declare an initial […]
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By Admin