Bytedance

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.

All you need to know about the tech news today.

China’s Toutiao, also known as ByteDance, is raising between US$2.5 and 3 billion at a valuation of between $4.5 and 5 billion, sources told local Chinese media, in a round that leads up to a ru

This will pit Alibaba against Tencent, which backs Kuaishou, in the short-video war

The Beijing-based company has rolled out a dedicated learning app dubbed Haohao Xuexi to tap into China’s lucrative paid content market. 

All you need to know about what happened in the tech world today.

All you need to know about what happened in the tech world today.

In 2017, the market for paid content in China has reached $738.9 million and is expected to grow to $3.5 billion by 2020.