A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade (Julia Fioretti/Bloomberg)

Julia Fioretti / Bloomberg:
A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade  —  Tencent Holdings Ltd. is seeking to raise as much as $1.55 billion in a selldown of part of its stake in short-video app operator Kuaishou Technology through a block trade.

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