TikTok China's Rival Kuaishou Prepares for Hong Kong IPO
Tencent-backed Kuaishou is considering an initial public offering in Hong Kong, which is expected to raise as much as USD 50 billion. According to people familiar with the matter, Kuaishou has hired investment bankers to advise it on the listing, which may be carried out early next year.
In the first half of this year, Kuaishou’s monthly average monthly active users were 1.16 billion. Kuaishou’s live streaming daily active users reached 170 million, and e-commerce daily active users exceeded 100 million. In August 2020, the order volume of Kuaishou e-commerce exceeded 500 million.