Morgan Stanley upgrades Chinese TikTok rival and predicts over 60% in share price gains

Kuaishou headquarters is pictured on November 5, 2020, in Beijing, China.
VCG | Visual China Group | Getty Images

Morgan Stanley analysts say it's time to buy shares of Chinese short video and livestreaming company Kuaishou Technology since the company will likely gain market share this year — and achieve profitability.

In many ways, Kuaishou still lags behind market leader ByteDance, the owner of TikTok and its wildly popular mainland China version, Douyin. But Kuaishou is listed in Hong Kong, while ByteDance has yet to go public.

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