The social photo and video app developer, which is preparing a flotation for later this year, has raised $350m in round led by new investor Tencent.
Internet group Tencent has led a $350m funding round for China-based photo and video sharing platform Kuaishou, news outlet Tencent Technology reported yesterday.
Founded in 2011, Kuaishou has built an app that enables its youthful user base to post and share images and videos. It has also crossed over into livestreaming, and has more than 400 million users, roughly 50 million of which are daily active users.
Additional investors in the round were not revealed but Kuaishou intends to work…
