Tag "ByteDance"

ByteDance expands itself in e-book business with an investment of $165M

By : CIOL Bureau

ByteDance has agreed to invest 1.1 billion yuan ($165.6 million) in Chinese e-book reader and publisher Zhangyue. With this investment, the TikTok owner will get an 11.23 per cent stake in Zhangyue. The funding will be done through ByteDance’s wholly-owned