Tencent-backed short video app Kuaishou Technology to file for Hong Kong IPO within two weeks, say people familiar

//Tencent-backed short video app Kuaishou Technology to file for Hong Kong IPO within two weeks, say people familiar

Tencent-backed short video app Kuaishou Technology to file for Hong Kong IPO within two weeks, say people familiar

Chinese TikTok competitor Kuaishou Technology is preparing to file for an initial public offering on the Hong Kong stock exchange within the next two weeks, according to people familiar with its plans.The Tencent-backed short video-sharing app is targeting a Hong Kong listing early next year. However, the company, which was valued at over US$30 billion in its last round of funding, has not yet decided on the size of its IPO, according to the people.Local media has reported that Kuaishou has…

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By | 2020-10-28T22:00:31+00:00 October 28th, 2020|Business|Comments Off on Tencent-backed short video app Kuaishou Technology to file for Hong Kong IPO within two weeks, say people familiar