Bytedance

Valued at USD35 billion excluding Douyin’s valuation, Toutiao is also raising a round and is seeking funds from KKR and Jack Ma-backed Yunfeng Capital.

In Q1 2018, Douyin’s international version, Tik Tok, was the most downloaded iPhone app worldwide, totaling 45.8 million and surpassing Facebook, YouTube, and Instagram

Tik Tok, the overseas version of Douyin, was the world’s most downloaded non-game app in iOS App Store in Q1 2018.

Toutiao offers the most successful formula for Chinese startups to take off without siding with any one of the Chinese “BAT” triumvirate. But it may forge an alliance with Alibaba as its r

When pointing fingers at WeChat, Bytedance’s ZHANG Yiming and ZHANG Nan still have to post on WeChat moment to spread their discontentment.

Its DAU, in Q1 2018, has reached 45.6 million, up 161.1% MoM.

Bytedance is facing challenges from Chinese cyberspace administration and rival Tencent.

Here are some stories and ideas from the past week that you shouldn’t miss.