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The ByteDance rival has relied heavily on exclusive clans of video streamers to drive traffic. Experts say grooming smaller individual streamers is essential to diversifying Kuaishou’s reach.
HONG KONG (Reuters) - Kuaishou Technology surged three-fold in its Hong Kong stock market debut on Friday to become the fifth-largest listed company in the city, driven by massive demand from mom-and-pop investors for the Chinese online video service operator.
The rules aimed at curbing anti-competitive behaviour such as sharing sensitive consumer data, takes effect immediately.
Name dropped on Twitter by celebrities from Elon Musk to Snoop Dogg, cryptocurrency Dogecoin hit a record high, with a market capitalisation of RM42.7bil.
Kuaishou, which bills itself as a video-sharing app for the everyman, proved its popularity among investors too, almost tripling in value to RM646.41bil.
LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker's backing of bitcoin this week could turbo-charge global use of a currency that's estimated to cause more pollution than a small country every year.
Observers say Jack Ma is working on his swing at a golf resort in Hainan.
A Tencent Holdings Ltd. executive was held by authorities in China as part of investigation of a corruption case involving a former top law-enforcement official.
Tencent employee investigated over corruption allegations is in regards to their personal behaviour not the company’s activities, clarifies Tencent spokesperson.