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Media & Entertainment

China's Kuaishou seeks Hong Kong IPO to fund costly viewer battle

Tencent-backed short-video app burned through $2bn for marketing in 6 months

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.

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