China’s cash-burning video sector: how Kuaishou lost $1B in 6 months
November 5, 2020 | Uncategorized
Rumors have been floating for months that ByteDance is going public with TikTok and Douyin separately. Just last night, Bloomberg reported that ByteDance is seeking a pre-IPO round of $2 billion at a staggering valuation of $180 billion. Before any of that materializes, ByteDance Chinese rival Kuaishou has moved ahead to file for an initial […]