Beijing Bytedance Technology Co., the developer behind China’s news distributor Toutiao and short video app Douyin, is close to completing a US$3 billion pre-IPO round of financing, according to 36Kr citing people familiar with the matter. The company is aiming to hit the Hong Kong market with its initial public offering (IPO) next year. It […]

Beijing Bytedance Technology Close To Completing $3B Pre-IPO Round appeared first on China Money Network.