Thursday, November 5, 2020

China’s cash-burning video sector: how Kuaishou lost $1B in 6 months



Rumors have been floating for months that ByteDance is going public with TikTok and Douyin separately. Just last night, Bloomberg reported that ByteDance is seeking a pre-IPO round of $2 billion at a staggering valuation of $180 billion.

from Pocket https://techcrunch.com/2020/11/05/kuaishou-ipo-hong-kong/
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