China’s leading short social video and photo sharing app Kuaishou is rumored to launch a new round of funding with the estimated valuation at $15 billion, according to the self-media “Kaiqi.” Kuaishou told other local media that it has nothing yet to release.

In March, Kuaishou raised $350 million in its Series D financing led by the Chinese internet conglomerate Tencent, and was valued at around $3 billion. In the previous financing rounds, Kuaishou has pocketed fundings from Sequoia, DCM, and Baidu.

There has been talks in the industry saying that Kuaishou plans to apply for IPO either in the US or Hong Kong this year. TechCrunch in February reported that the popular video-sharing app plans to go public in the US.

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Timmy Shen

Timmy Shen is a technology reporter based in Beijing. He's passionate about photography, education, food and all things tech. Send tips and feedback to timmyshen@technode.com or follow him on twitter at...