Toutiao owner Bytedance said to seek up to $3b in fresh funding

Toutiao owner Bytedance said to seek up to $3b in fresh funding

The logo for Beijing ByteDance Technology Co.'s Jinri Toutiao mobile app is displayed at the company's headquarters in Beijing, China, Photographer: Giulia Marchi/Bloomberg

Beijing Bytedance Technology Co Ltd., the startup behind hit Chinese news aggregator Jinri Toutiao, is seeking to raise as much as $3 billion in a funding round that is mostly targeting U.S. investors, a person familiar with the matter said.

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