TikTok rival Kuaishou to raise upwards of US$5.1bn in Hong Kong IPO

Tencent-backed Chinese TikTok rival Kuaishou, which can lay a claim to be the world’s second largest short-form video sharing platform, is planning to raise at least HK$39.5 billion (US$5.1 billion or €4.2 billion) through an IPO on the Hong Kong exchange. The IPO is expected to be given a price this Friday ahead of share-trading […]

Report: Chinese video service Kuaishou to raise US$1bn in funding

Tencent-backed Chinese live-video service, Kuaishou, is reportedly close to securing US$1 billion in funding in a round that will value the business at around US$18 billion. According to Reuters, the live-video startup – which has been compared to services like Instagram and Periscope – has attracted venture capital from firms including Sequoia Capital China, and […]