The prospective deal would follow a $350m investment by Tencent in early 2017 and would value the video streaming platform at $25bn pre-money.

China-based short-form video platform Kuaishou has entered discussions with internet group Tencent to raise between $1bn and $1.5bn at a $25bn pre-money valuation, IPO Zaozhidao reported today. Kuaishou runs an online platform where users can stream short-form videos. It recorded 200 million daily active users in June this year, in comparison to 7.5 million for…

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