Tencent : Backed Kuaishou Plans to Raise Up to US$5 Billion in Hong Kong IPO, Reuters Reports

--Chinese short video start-up Kuaishou plans to raise up to US$5 billion in a Hong Kong initial public offering, Reuters reports, citing unnamed sources.

--The company, backed by social media and gaming giant Tencent Holdings Ltd., targets a valuation of over US$50 billion, Reuters reports.

--The listing of Kuaishou, a major rival to TikTok's owner ByteDance Ltd., could take place as early as January, according to Reuters.

Full story: https://reut.rs/2E9OH6t

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