Sources: Kuaishou, ByteDance's main rival in China, has raised $5.4B in its Hong Kong IPO, valuing the short video startup at $61B (Julia Fioretti/Bloomberg)

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Julia Fioretti / Bloomberg:
Sources: Kuaishou, ByteDance's main rival in China, has raised $5.4B in its Hong Kong IPO, valuing the short video startup at $61B  —  - Market debut will be biggest internet IPO since Uber in 2019  — Tencent-backed tech startup valued at $61 billion in IPO

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