BEIJING, Nov. 6 (Xinhua) -- Kuaishou, a leading short-video platform in China, filed on Thursday late for the initial public offering (IPO) on the Hong Kong stock market, the Xinhua-run Shanghai Securities News reported on Thursday.
The Beijing-based company reported a huge jump in the number of live-streaming users in the first half of this year, mainly driven by the COVID-19 epidemic that prompted wider use of the service.
By the end of June this year, the company boasts 302 million average daily active users and 776 million average monthly active users, according to a filing to the Hong Kong Stock Exchange.
In the first half of this year, the total revenue of the company amounted to 25.3 billion yuan (around 3.8 billion U.S. dollars).
(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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