Tencent-backed video site Kuaishou seeks $1b funding at $17b valuation

Tencent-backed video site Kuaishou seeks $1b funding at $17b valuation

Photographer: Qilai Shen/Bloomberg

Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia.

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