10 April 2017
Big Deal: Sina exits Toutiao in $1bn round
The social media company has scored a huge exit from news app Toutiao, exiting as part of a series D round that valued it at $11bn, 22 times the valuation at which it invested in 2014.
Author: Robert Lavine, News Editor
Social media company Sina has exited China-based personalised news app developer Toutiao as part of a $1bn series D round that valued it at $11bn, 36kr reported on Friday.