China techKuaishou goes from humble roots to $5bn IPO to take on ByteDance
Video platform taps users in China's regions and woos investors amid TikTok frenzy
Chinese short video app Kuaishou, known for down-to-earth content posted by people in smaller cities and rural areas, is now seeking $5.4 billion in the world's largest initial public offering since the beginning of the coronavirus pandemic. © AP
NIKKI SUN, Nikkei staff writer
January 28, 2021 15:35 JST
HONG KONG -- For a long time after it launched in 2011, Kuaishou Technology -- the short video platform now seeking $5.4 billion in the world's largest initial public offering since the beginning of the coronavirus pandemic -- was best known for humdrum videos created far from China's bright lights.