HONG KONG -- Kuaishou Technology, operator of China's second-largest short-video app, has filed for an initial public offering in Hong Kong in an effort to build up its war chest as competition for viewers intensifies in the lucrative market.
Backed by technology conglomerate Tencent Holdings, Kuaishou is a major competitor of Douyin, the domestic counterpart of TikTok within ByteDance's corporate umbrella.
