Bytedance exits Dailyhunt parent VerSe amid India's crackdown on Chinese firms


TikTok parent ByteDance has become the latest investor to sell its entire stake in news aggregator Dailyhunt parent VerSe Innovation in the wake of the Indian government’s crackdown on Chinese firms.

“ByteDance has fully exited our cap table. We are probably amongst the few unicorns in the country with 0% Chinese shareholding on our cap table,” a VerSe spokesperson said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter