Source: Kuaishou Technology, ByteDance's main rival in China, is seeking to raise as much as $5.4B through an IPO in Hong Kong and is slated to list on Feb. 5 (Julia Fioretti/Bloomberg)

Julia Fioretti / Bloomberg:
Source: Kuaishou Technology, ByteDance's main rival in China, is seeking to raise as much as $5.4B through an IPO in Hong Kong and is slated to list on Feb. 5  —  - ByteDance's rival attracts cornerstone investors including GIC  — Kuaishou could be valued at $60.9 billion at top-end pricing