ByteDance

Kuaishou’s blockbuster Hong Kong debut showed the huge investor appetite in the short video market.

Shares hit 21-year high on hopes for profitable divestments in bull market.

VerSe plans to bring more local language content on the platform, enhance AI and ML capabilities, and develop tools for content creators.

The world’s first short video stock reached a market cap of USD 179 billion.

Experts weigh in on the clash between the Chinese tech giants.

Kuaishou is more of a social community, while chief rival Douyin functions like a media and entertainment platform.

In the second half of last year, India banned over 250 Chinese apps including TikTok, Vigo, Likee, and PubG citing cybersecurity concerns.

The app saw a drop in daily and monthly active users in the second half of 2020.