HONG KONG: Chinese startup Kuaishou is considering to go public in the US to bankroll its expansion in short videos and fend off competition from TikTok owner ByteDance Inc, according to people familiar with the matter.The company, backed by Tencent Holdings Ltd, plans to list next year, the people said, requesting not to be named because the matter is private.
One person said Kuaishou also weighed the option of going public this year. The video startup is raising more than US$1bil at a US$25bil valuation in a pre-IPO round mostly from Tencent, one of the people said.
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