Kuaishou

Several tech firms will have generous bonuses for its employees.

TME’s US-listed stock has more than doubled since its debut in 2018.

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

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

Chinese short-video app backing comes despite tense Washington-Beijing relations.

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

Although group-buying has been around in China way before the COVID-19 pandemic, the sector enjoyed renewed popularity thanks to social distancing measures.

The pandemic accelerated tech trends that will continue to dominate daily life in 2021.