Kuaishou is a short-video platform similar to Douyin. Unlike its more upscale competitor which targets big brands as well as urban youth, Kuaishou is primarily aimed at lower-tier cities, rural populations, and migrant workers who use the app for comedy videos or live-streaming of mundane tasks like daily trips.

Since February 2021, Kuaishou has gone public, the shares have more than doubled. This is the biggest tech IPO since Uber in 2019.
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