“WE AIM TO be the most customer-obsessed company in the world,” declares the opening line in the 700-page prospectus from Kuaishou, a Chinese video app. The firm, launched a decade ago by a former software engineer at Google and another at Hewlett-Packard, boasts more than 250m daily active users, up from an average of just 67m in 2017. Kuaishou is expected to hit a valuation of around $50bn when it goes public next month in Hong Kong. That would lift it above better-known social-media titans like Twitter (worth $37bn).
Listen to this story
Your browser does not support the <audio> element.
Kuaishou’s revenues have
→ Continue reading at The Economist
