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Short video app Kuaishou restructures to stem losses

Tencent-backed company brings app-related functions into one department

Kuaishou Technology's restructuring comes as the company deals with the double whammy of growing losses and shrinking market value.   © AP

Kuaishou Technology has undertaken a sweeping business restructuring while keeping its core leadership more or less unchanged as the short-video and livestreaming company grapples with widening losses and plummeting market capitalization.

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