[ Toutiao raises $1B in Series D ]
Toutiao has raised $1B in Series D funding led by CCB International and Sequoia Capital.
Founded in 2012, Toutiao is a recommendation system product based on data mining, which recommends valuable, personalized information to users in China. It helps content creators distribute their work to interested individuals. Engineers use the technology of machine learning and data mining to recommend the most relevant content for users.
The company has allocated 1 billion RMB funding to encourage PGC short video productions.
|Founder / CEO||Zhang Yiming|
|Previous Investors||Source Code Capital|