Tencent said to close $2b investment in Chinese short video platform Kuaishou

Tencent said to close $2b investment in Chinese short video platform Kuaishou

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

China’s tech giant Tencent is said to be in final talks to invest $2 billion in short video platform Kuaishou in the latter’s upcoming $3-billion pre-IPO round, according to a local media report.