You are here: Home » Reuters » News
Business Standard

China's ByteDance to raise about $1.45 billion for its venture fund - the Information

Reuters 

(Reuters) - Beijing ByteDance Technology Co, one of the world's most valuable startups, is in talks to raise about $1.45 billion (9.97 billion yuan) to invest in artificial intelligence and media content, The Information website reported on Friday.ByteDance, owner of news aggregator Jinri Toutiao, is in talks with investors including major Chinese government-led funds and state-owned investment banks, the website reported.This comes after ByteDance faced mounting scrutiny from China's internet censors earlier in the year, with Toutiao temporarily taken off app stores for a cleanup in April ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 07 2018. 15:56 IST
RECOMMENDED FOR YOU