ByteDance’s Rival Kuaishou Shares Slide as Live-streaming Revenue Drops and Losses Widen
Kuaishou Technology, the operator of the second most popular short-video platform after Douyin, saw its stock tumble as much as 11.6% on Tuesday after the company reported a 7.3 billion yuan ($1.14 billion) loss the previous day.
The Tencent-backed company unveiled its financial results for the first quarter on Monday, with revenue…
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