ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
IPO

Kuaishou shares rise 160% on trading debut in Hong Kong

Chinese short-video app's market cap tops ICBC and PetroChina

Kuaishou Technology's headquarters in Beijing. The company, a rival of ByteDance-owned Douyin, the Chinese version of TikTok, raised $5.4 billion in its initial public offering.   © AP

HONG KONG -- Kuaishou Technology soared as much as 200% on its stock market debut on Friday as it recorded the biggest opening-day gain ever for a large Hong Kong IPO.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more