You might have just come to this article after taking in a "Sea Shanty," the latest music craze to hit short-form video platform TikTok. But TikTok, owned by China's Bytedance, is still a private company -- likely one of the world's largest.
However, soon there will be a way for investors play the skyrocketing short video social media craze. China's Kuaishou, the country's number two short-form video platform, is set to hit the public markets in the next week or two. Although Kuaishou is China's second-place platform behind Douyin, which is what Bytedance calls the Tik-Tok equivalent in China, Kuaishou is also backed by internet giant Tencent (OTC: TCEHY), which has a history of incubating very, very successful internet companies. Kuaishou aims to raise about $5 billion, at a valuation of $50 billion or higher.
Here are the ins and outs of Kuaishou and the case for its stock.
Tencent-backed Kuaishou is going public. Image source: Getty Images.
History of Kuaishou
Kuaishou was founded in 2011 by founder...