TikTok owner ByteDance to invest $165m in Chinese e-reading firm iReader

TikTok owner ByteDance to invest $165m in Chinese e-reading firm iReader

TikTok owner ByteDance has entered into an agreement to invest 1.1 billion yuan ($165.3 million) in Chinese e-reading firm iReader Technology, the investee disclosed in a filing with the Shanghai Stock Exchange (SEE) on Wednesday.

Bring stories like this into your inbox every day.

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