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ByteDance Rival Kuaishou’s Ad Revenue Jumps 77%

By Juro Osawa
· · Source: The Information

Chinese online video company Kuaishou, a major competitor of TikTok owner ByteDance in China, reported a 77% jump in online advertising sales for the quarter through September, despite the country’s slowing economic growth and Beijing’s regulatory crackdown. Hong Kong-listed Kuaishou said its total revenue rose 33%, thanks to the strength of its ad sales. But its operating loss widened...

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