Chinese tech major ByteDance invests in talent agency Mountain Top

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-based technology giant ByteDance, the company behind the TikTok video app, has made an undisclosed investment in Chinese talent agency Mountain Top, according to a statement.

Mountain Top manages actors, singers, idols, and key opinion leaders (KOLs) in the country. Its roster includes celebrities such as Angelababy and Zhou Dongyu.

Founded in 2015, the Beijing-based agency is backed by Chinese private equity firm Guangdian Capital (GDC), which focuses on investments in entertainment, education, and consumer & retail sectors, and ZhenFund, a Beijing-based Sequoia China-backed seed fund.

In 2016, GDC had made a 100 million yuan ($14.8 million) investment in the company.

ByteDance is one of the world’s most valuable startups and owns Chinese news aggregator Jinri Toutiao, short-form video platforms Xigua Video and Vigo Video, and news platform News Republic.

Its previous investments include Dalyhunt, an Indian vernacular content aggregator; and Indonesian news recommendation platform BaBe. It recently bought Chinese mobile game developer Mokun Technology.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.