China: Sequoia-backed startup Toutiao raising at least $2b in funding

China: Sequoia-backed startup Toutiao raising at least $2b in funding

REUTERS/Thomas White/Illustration

Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, people familiar with the matter told Reuters.

Bring stories like this into your inbox every day.

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