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Douyin rival Kuaishou files for Hong Kong IPO, reveals loss of over USD 10 billion in first half

China’s two biggest short video platforms are racing to an IPO.

3 mins read
  • Bytedance has been investing aggressively in the online reading sector, where Tencent is already a leading player.

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    ByteDance injects USD 1 billion in online publisher Zhangyue, main rival of Tencent‘s China Literature

    3 mins read

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