Chinese short-video giant Kuaishou taps global debt market with US dollar, yuan bonds

Chinese short-video platform Kuaishou Technology is pitching its debut offshore bond sale to professional investors, joining a wave of domestic tech companies raising funds in the global debt market. The Beijing-based company, which is offering senior unsecured notes in US dollars and Chinese yuan, said on Wednesday that it planned to use the proceeds from the issuance for general corporate purposes. The two offerings were separate and not inter-conditional, meaning each could proceed...