The Baidu-backed photo and video-sharing app, which is reportedly valued at $3bn, is planning to go public in the US in the second half of 2017.
Kuaishou, a China-based photo-sharing app developer backed by internet group Baidu, intends to float in the US later this year, TechCrunch reported yesterday citing undisclosed sources.
Founded in 2011, Kuaishou operates a social media app focused on photos and videos which are laid out in a grid formation on a phone’s screen. Users can also pay for virtual coins in order to buy ‘gifts’ for each other.
The app, which is dubbed Kwai in the US, has more than 40…
