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As the highest valued tech unicorn on the planet, the only thing could dwarf ByteDance’s valuation is its grand ambition.
Zhang’s step back from the daily operations of Toutiao will allow him more time to focus on Bytedance’s corporate strategy.
Shortly after the release of e-commerce platform Zhi Dian, ByteDance now offers a new social commerce app called Xin Cao
The company behind Chinese news aggregator Toutiao, and short video apps Douyin/Tik Tok, is apparently seeking a new funding round at a US$75 billion valuation.
This will pit Alibaba against Tencent, which backs Kuaishou, in the short-video war
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