Tencent-backed online video startup Kuaishou buys rival AcFun

Tencent-backed online video startup Kuaishou buys rival AcFun

FILE PHOTO: The logo of Chinese video-streaming startup Kuaishou is seen in Beijing, China May 10, 2017. Picture taken May 10, 2017. REUTERS/Stringer

Chinese online short video start-up Kuaishou, backed by internet giant Tencent Holdings Ltd, has bought animation and video platform AcFun, the acquired firm told Reuters on Tuesday, amid an intensifying battle over online content.

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