久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Kuaishou gets HK bourse nod for float

By FAN FEIFEI | CHINA DAILY | Updated: 2021-01-16 09:05
Share
Share - WeChat
An exhibitor uses short video platform Kuaishou to promote sales during an agricultural expo in Chongqing. CHINA DAILY

Kuaishou Technology has reportedly received approval from the Hong Kong stock exchange for an initial public offering of about $5 billion, as the short video platform ramps up its monetization efforts amid rising competition from Douyin, an app developed by Beijing ByteDance Technology.

The short video platform plans to list its shares in Hong Kong on Feb 5, Tencent News said, quoting people familiar with the matter. The listing date follows after the company filed a preliminary prospectus to the Hong Kong bourse on Nov 5.

Kuaishou's IPO would be HK's biggest float since the world's largest brewer Anheuser-Busch InBev SA's Asian unit raised $5.8 billion in 2019, excluding the secondary listing of Alibaba Group Holding Ltd in the same year.

The company, valued at $28 billion during its recent funding round in December 2019, is aiming for a valuation of $50 billion in its planned IPO, according to a report from technology information website 36Kr.

ByteDance is also said to be in preliminary discussions to list Douyin in Hong Kong.

Shen Meng, director of boutique investment bank Chanson& Co, said more Chinese mainland investors will be able to make investments and get dividends from enterprises that are listed in Hong Kong.

Shen noted that Kuaishou has taken the lead in exploring the commercialization model for the short video industry, and made breakthroughs in profitability.

According to the prospectus filed by Kuaishou, Morgan Stanley, Bank of America and China Renaissance Holdings are joint sponsors for the proposed IPO.

The company's total revenue increased from 8.3 billion yuan ($1.28 billion) in 2017 to 39.1 billion yuan in 2019. The figure reached 25.3 billion yuan in the first half of 2020, up 48 percent on a yearly basis.

There were 302 million daily active users and 776 million average monthly active users of the Kuaishou app and mini program in China during the first six months of last year.

Tencent has about a 21.6 percent stake in Kuaishou, and other backers include venture capital firms DCM,DST Global and Sequoia Capital China, according to the prospectus.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日本视频播放免费线上观看 | 自拍网在线 | 国产精品亚欧美一区二区三区 | 男人使劲躁女人视频小v | 亚洲国产天堂久久精品网 | 国产一区私人高清影院 | 成人做爰在线视频 | 国内视频自拍 | 黄色三级免费网站 | 丝袜黄色片 | 国产精品视频一区二区猎奇 | 欧美日韩一区二区三区视频播 | 加勒比色综合久久久久久久久 | 日本韩国一级毛片中文字幕 | 91国偷自产一区二区三区 | 国产麻豆交换夫妇 | 中文在线最新版天堂 | 在线观看国产一区 | 国产成人啪精品视频免费软件 | 欧美曰批人成在线观看 | 日本高清一本二本三本如色坊 | 欧美videofree性欧美另类 | 美女视频全部免费 | 国产午夜爽爽窝窝在线观看 | 免费高清在线爱做视频 | 综合欧美视频一区二区三区 | jul-179在线中文字幕 | 国产亚洲精 | 国产精品三级在线观看 | 亚洲精品人成在线观看 | 欧美精品一区二区三区四区 | 国产一级内谢a级高清毛片 国产一级片毛片 | 成人国产在线视频在线观看 | 日韩亚洲一区二区三区 | 免费高清毛片在线播放视频 | 国产美女精品视频免费观看 | 在线观看免费国产 | 久草观看| 国产精品视频999 | 国产亚洲精品yxsp | 99久久精品费精品国产一区二区 |