HONG KONG -- Major U.S. fund managers including BlackRock and Fidelity are among 10 cornerstone investors in Chinese short-video platform Kuaishou Technology's $5.4 billion initial public offering, at a time when the relationship between the world's two largest economies is at its lowest point in decades.
U.S.-based institutional investors have agreed to invest $1.39 billion, or a quarter of the entire offering by the Tencent Holdings-backed company, according to a term sheet seen by Nikkei Asia.
