Chinese startup Kuaishou nears $1b Tencent-led funding, eyes listing this year

Chinese startup Kuaishou nears $1b Tencent-led funding, eyes listing this year

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

Chinese live-video streaming start-up Kuaishou, backed by Tencent, is nearing the close of a $1 billion funding round led by the tech giant and plans to list as soon as this year, three people familiar with the matter said.

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