Kuaishou’s Soaring IPO Signals How ByteDance Offering Could Trade

A Kuaishou ad in Beijing. Photo by Bloomberg.

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The market debut of Kuaishou offers a hint of what could be in store for TikTok’s owner ByteDance.

The live-streaming and short-video app that grew by catering to China’s countryside and smaller cities is now worth nearly $160 billion after its share price nearly tripled on its first day of trading in Hong Kong Friday. That makes Kuaishou almost as valuable as Qualcomm, whose market capitalization is $167 billion. And it suggests ByteDance could be worth nearly $600 billion, based on ByteDance's revenue last year.