Chinese photo-sharing app Kuaishou planning U.S. IPO later this year

 We’re hearing from sources that Kuaishou — a hot photo-sharing application in China — is planning on going public in the U.S. later this year. Sources tell us the app has more than 40 million daily active users against 100 million monthly active users, and was most recently valued at around $3 billion. The app is in some ways similar to Instagram, with photos (some of which… Read More

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