News app Toutiao reportedly raises $1B led by Sequoia at $12B+ valuation

www.chinamoneynetwork.com

As reported by numerous Chinese media, although the company did not confirm when I asked. Toutiao has grown into China's largest media company with 78 million daily active users who spend an average of 76 minutes per day on the platform. It has also expanded overseas with investments in the US, India and Southeast Asia. 

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