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) –

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

Read More