China’s Kuaishou to Raise $2 Billion in Bond Offering

Kuaishou Technology, which competes with ByteDance in China, on Friday announced a bond sale of $2 billion, in a move that could enable it to ramp up its AI investments.

Hong Kong-listed Kuaishou is issuing $1.5 billion in U.S.-dollar denominated notes and about $500 million in offshore yuan ...