ByteDance

Shortly after the release of e-commerce platform Zhi Dian, ByteDance now offers a new social commerce app called Xin Cao

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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.

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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. 

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