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…

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