Sunday, September 30, 2018

Profile of Bytedance, a China-based social news and video startup that may soon surpass Uber in valuation if rumored $1.5B SoftBank investment at $75B closes (Bloomberg)

Bloomberg:
Profile of Bytedance, a China-based social news and video startup that may soon surpass Uber in valuation if rumored $1.5B SoftBank investment at $75B closes  —  - Bytedance's said to be valued at over $75 billion in new round  — SoftBank is said to plan an investment of about $1.5 billion



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...