The short-form video platform is raising $3bn in a round set to include $2bn from Tencent, which will boost its stake to nearly 20%.
Internet group Tencent is investing $2bn to lead a $3bn series F round for China-based short-form video streaming platform Kuaishou, LatePost reported today.
Private equity firms Boyu Capital and Yunfeng Capital, venture capital firm Sequoia Capital and Singaporean government-owned investment firm Temasek are also participating in the round, which will reportedly value the company at approximately $28.6bn.
Founded in 2011, Kuaishou has created an online platform where users can upload, watch and share short-form videos. Its biggest competitor is TikTok,…
