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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.
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The short video service is mainly looking for experienced candidates in e-commerce, gaming, and education.
SN and JD.com’s JDG had an “e-retailer derby” in the League of Legends tournament.
Tencent, which has backed Kuaishou since 2017, will be a cornerstone investor in the IPO.
Dali Education is just the beginning of a long journey in the industry, ByteDance founder Zhang Yiming said.
The events industry has been slow to adopt technology, but the pandemic has changed everything.
Meituan first released livestreaming features in April, allowing tourist sites to introduce themselves to potential visitors amid the COVID-19 pandemic.
The rivaling pair is facing new competitors.
Tencent will have 67.5% of the voting power in the combined livestreaming giant.