- May 1st to 5th, 2025 coincides with the International Workers' Day.
- On April 27, 2025, the company's management team went to the Hefei Municipal Committee of the Communist Party of China and relevant provincial departments to give a work report.
- From April 22nd to April 26th, 2025, the company's management team conducted a working visit to Dubai.
- From April 13th to April 21st, 2025, the company's management team conducted working visits to Kuala Lumpur and Singapore.
- On April 6, 2025, the company's management team received a Panamanian company in Hefei for an inspection visit to Anhui. Relevant enterprises in Lujiang, Hefei and Wuhu were inspected respectively.
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Chinese startup Kuaishou is considering to a U.S. initial public offering
Chinese startup Kuaishou is considering to a U.S. initial public offering to bankroll its expansion in short videos and fend off competition from TikTok-owner ByteDance Inc., according to people familiar with the matter.The company, backed by Tencent Holdings Ltd., plans to list next year, the people said, requesting not to be named because the matter is private. One person said Kuaishou also weighed the option of going public this year. The video startup is raising more than $1 billion at a $25 billion valuation in a pre-IPO round mostly from Tencent, one of the people said.
"Tencent's biggest enemy is ByteDance right now," said David Dai, a Hong Kong-based analyst at Bernstein. "Tencent hasn't been very successful in short videos in the past, so resorting to investing in other companies instead is its best option."
U.S.-listed shares of some of Kuaishou's competitors fell. Momo Inc. fell 2.8%, the most in more than a week, while DouYu International Holdings Ltd. fell 1.9%, the most in about a month. Both under-performed the Nasdaq, which rose 0.3%.
Kuaishou is an important part of Chinese social media giant Tencent's strategy to compete against ByteDance, now the world’s most valuable startup. Tencent has devoted a lot of resources toward building a library of short and mini video offerings -- key to retaining user attention and boosting advertising revenue -- but has yet to catch its rival.
(from http://www.kekenet.com/read/201909/595249.shtml)