Kuaishou, TikTok’s Chinese nemesis, surges 194% on IPO debut – TechCrunch
Kuaishou, a Chinese video app largely underrated outside of China, has just completed a massive IPO in Hong Kong. The app is by far the biggest rival to Douyin, the Chinese version of TikTok, and unlike many western video platforms that make money from ads and subscriptions, Kuaishou’s Cash Cow is the tipping business. Kuaishou’s … Read more