Source: South China Morning PostKuaishou Technology, the operator of China’s second-largest short video app and main rival to ByteDance’s Douyin, posted a huge net loss in its first earnings report since listing in Hong Kong, but analysts said its long term outlook is still bright. Kuaishou’s shares tumbled 12 per cent in Hong Kong on Wednesday, against a 2 per cent drop in the Hang Seng Index and a 4 per cent decline in Meituan, after it reported a loss of 116.6 billion yuan (US$18 billion) in 2020. While the figure was a…Read More