[ “We expect short-form video to become a key topic of discussion in the entertainment sector given the huge user base, time spent, and monetisation potential,” said Thomas Chong, an analyst at brokerage Jefferies. The listings come as investors hunt for beneficiaries of retail’s shift online last year. Consumer brands turned en masse to influencers … Read more
[ Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5 billion to US$6 billion, potentially the city’s largest IPO in over a year, a person familiar with the matter said on Friday. The company, in which Tencent Holdings, China’s largest games publisher, owns a … Read more
[ Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price at HK$115 per share, top-end of the range, after the short video platform set a record as the most oversubscribed deal ever in Hong Kong attracting retail investors’ demand totalling HK$1.28 trillion (US$164.8 billion), … Read more
