The Baidu and Tencent-backed video streaming platform developer has filed for a Hong Kong offering that could potentially value it at $50bn.
Short-form video platform developer Kuaishou has filed for an initial public offering that would enable internet groups Tencent and Baidu to exit, South China Morning Post reported yesterday.
The company plans to list its shares on the Hong Kong Stock Exchange and has not disclosed how much it aims to raise in the offering, though sources told Reuters two months ago it would seek up to $5bn at a $50bn valuation.
Kuaishou runs an online short-form video platform with some…
