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China's ByteDance to raise about $1.45 billion for its venture fund: the Information

December 7, 2018 9:06 AM
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(Reuters) - Beijing ByteDance Technology Co, one of the world’s most valuable startups, is in talks to raise about $1.45 billion (9.97 billion yuan) to invest in artificial intelligence and media content, The Information website reported on Friday.

ByteDance, owner of news aggregator Jinri Toutiao, is in talks with investors including major Chinese government-led funds and state-owned investment banks, the website reported.

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