Beijing Bytedance Technology Co., the developer behind China’s news distributor Toutiao and short video app Douyin, is close to completing a US$3 billion pre-IPO round of financing, according to 36Kr citing people familiar with the matter.
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech
Want to read this important story?
Access Over 11,000 stories and data posts over the past 8 years!Register Now
Already have an account or paid subscription?