Kuaishou: China's $160 bn livestreaming app for 'ordinary people'

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. — Bloomberg

On Lu Kaigang's feed, sheets of tarp are transformed into haute couture as China's mountainous backdrop becomes his catwalk, a 22-year-old villager sashaying to fame via a video-sharing app for the everyman -- Kuaishou.

Lu is one of hundreds of millions of users uploading short clips to the app, which propelled its parent company to a US$5.4bil (RM21.95bil) initial public offering last week.

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