Kuaishou, ByteDance's main rival, reports Q1 revenue of $2.65B, up 37% YoY, and a net loss of $8.9B, as it delved deeper into online commerce and advertising (Zheping Huang/Bloomberg)

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Zheping Huang / Bloomberg:
Kuaishou, ByteDance's main rival, reports Q1 revenue of $2.65B, up 37% YoY, and a net loss of $8.9B, as it delved deeper into online commerce and advertising  —  - Advertising and e-commerce helped juice quarterly revenue  — Kuaishou offers investors a taste of China's hot video market

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