Silicon Valley investor DCM Ventures to exit China's Kuaishou via $479m placement

Silicon Valley investor DCM Ventures to exit China's Kuaishou via $479m placement

FILE PHOTO: The logo of online video service operator Kuaishou Technology is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/File Photo

Summer Zhen

19 September, 2024

DCM Ventures is seeking to sell all its remaining shares in Chinese short video platform Kuaisohu Technology to raise up to $479 million, a term sheet seen by Reuters showed on Thursday.

DCM CapitalKuaisohu Technology

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