The SoftBank-backed TikTok and Toutiao owner is reportedly raising $2bn in a round that will be co-led by KKR and Sequoia Capital.
ByteDance, the China-headquartered digital media company that counts telecommunications and internet group SoftBank as an investor, is raising about $2bn at a valuation of approximately $180bn, Reuters reported on Friday.
Venture capital firm Sequoia Capital and investment firm KKR are set to co-lead the round, according to two people familiar with the matter.
Founded in 2012, ByteDance operates news aggregator app Toutiao, video streaming service BuzzVideo and short-form video app Vigo but is best known for Douyin, the social video…
