The SoftBank-backed TikTok and Toutiao owner is reportedly raising $2bn in a round that will be co-led by KKR and Sequoia Capital.
ByteDance, the China-headquartered digital media company that counts telecommunications and internet group SoftBank as an investor, is raising about $2bn at a valuation of approximately $180bn, Reuters reported on Friday. Venture capital firm Sequoia Capital and investment firm KKR are set to co-lead the round, according to two people familiar with the matter. Founded in…
This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
