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Douyin, TikTok’s sister app, and Kuaishou take on China’s leading online shopping giant
TikTok rival Kuaishou rises 6% as mainland investors gain access to Hong Kong listing
Short-video app’s disappointing quarterly results drag down battered sector
Chinese short-video app hit as widening tech crackdown targets ‘bad fan culture’
Alibaba and Tencent among companies summoned by regulator as scrutiny on China’s tech sector intensifies
Move follows complaints of mistreatment made by sector’s employees
More than $14bn knocked off Chinese company’s market capitalisation
The market reception for the livestreaming specialist bodes well for a future IPO of ByteDance
Chinese video app’s market debut is biggest in tech sector since Uber offering in 2019
Video sharing app is pivoting business model to advertising and ecommerce
In the longer term, online tipping exposes the country’s second-biggest short video app to official disapproval
Deal a measure of investor demand for Chinese tech groups as Beijing cracks down on sector
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