Tencent Mobility, a unit of Tencent Holdings, is seeking to raise up to $1.55 billion by selling shares in Chinese short-video company Kuaishou Technology.
The Tencent unit is offering about 273 million Kuaishou Class B shares at HK$43.15 ($5.50) to HK $44.53 each. The sale is fully secondary, meaning Kuaishou will not receive any money from the deal. Tencent Mobility will receive the proceeds.
Kuaishou runs one of China’s major short-video and livestreaming platforms, according to its website.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
