U.S.-based private venture capital firm Sequoia Capital is leading TikTok parent – ByteDance’s fresh funding round, according to report.
With the latest funding round, the valuation of the Chinese tech giant stands at $180 billion, the report added.
Yiming Zhang is the founder and CEO of ByteDance. He started several ventures prior to ByteDance, including Kuxun. In 2019, He was named one of the world’s 100 most influential people by Time Magazine.
With products available in over 150 markets, the company has offices in 126 cities, including Beijing, Shanghai, Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. As of November 2019, ByteDance has over 60,000 employees and 15 research and development centers around the globe.
-AK
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