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Short Video Giant Kuaishou Poised to Raise $5 Billion in IPO

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Patrick Frater Asia Bureau ChiefKuaishou, the mainland Chinese firm that operates the world’s second most watched short video app, has received approval for its planned public share offering.

It is expected to raise $5 billion and see the start of share trading in early February.The heavily-loss-making company, in which Tencent has a nearly 22% stake, received the green light for its IPO from Hong Kong Kong’s stock market regulators and published an 861-page updated prospectus.

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