Tencent-Backed Kuaishou, TikTok's Main Rival in China, Readies its IPO

You might have just come to this article after taking in a "Sea Shanty," the latest music craze to hit short-form video platform TikTok. China's Kuaishou, the country's number two short-form video platform, is set to hit the public markets in the next week or two. Although Kuaishou is China's second-place platform behind Douyin, which is what Bytedance calls the Tik-Tok equivalent in China, Kuaishou is also backed by internet giant Tencent (OTC: TCEHY), which has a history of incubating very, very successful internet companies.