Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
ByteDance, the China-based digital media company that owns social media app TikTok and which was valued at $75bn as of a $3bn funding round in late 2018, counts consumer electronics producer Xiaomi as a backer, after it invested in 2014, The Information has reported. Other previously unrevealed investors are Singaporean sovereign wealth fund GIC and internet group Tencent, which bought a sub-2% stake in 2016 it has since divested. The company’s backers also include corporates SoftBank and Susquehanna International…
