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ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

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Plus, Alibaba is said to invest about $200 million in Indian online grocer Bigbasket.

Kr-Asia Daily: Toutiao acquires Musical.ly for $1 billion. | KrASIA

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Kr-Asia Daily: Toutiao acquires Musical.ly for $1 billion.

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