Sequoia Co-Leads $1B Round In News App Toutiao, Minting China’s Biggest Media Company

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Sequoia Capital and CCB International, an investment unit of China Construction Bank Co., have led a series D investment of around US$1 billion in Chinese personalized news recommendation app operator Toutiao. While exact figures are not yet available, the deal would make Toutiao China’s biggest media company in terms of valuation.

China Money Network

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