Fundraising may value Kuaishou at US$3bil


BEIJING: Tencent Holdings Ltd’s investment in Chinese video streaming service Kuaishou values the start-up at about US$3bil, people with knowledge of the matter said.

Kuaishou, whose platform is popular with rural communities and migrant workers, has raised US$350mil in a funding round, the company said in an e-mailed statement.

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Business , tencent , video , investment

   

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