[ 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.

Funding  Series D
Founded  2012
Country  China
City  Beijing
Founder / CEO  Zhang Yiming
Deal Size  $1B
Investors  CCB International
 Sequoia Capital
Previous Investors  Source Code Capital
 Sina Weibo
 Yuri Milner
 SIG China
 Sequoia Capital

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