Today's headlines may have completed nearly US$1 billion in Series D financing, and the post-investment valuation exceeds US$10 billion

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On April 7, the reporter learned from people familiar with the matter that today's Toutiao has completed a Series D financing of slightly less than US$1 billion, with a post-investment valuation of nearly US$11 billion. The leading investors include former old shareholders, and previous investors Sina and others have withdrawn. On April 7, the reporter learned from people familiar with the matter that today's Toutiao has completed a Series D financing of slightly less than US$1 billion, with a post-investment valuation of nearly US$11 billion. The leading investors include former old shareholders, and previous investors Sina and others have withdrawn.

On April 7, the reporter learned from people familiar with the matter that today's Toutiao has completed a Series D financing of slightly less than US$1 billion, with a post-investment valuation of nearly US$11 billion. The leading investors include former old shareholders, and previous investors Sina and others have withdrawn.

There were rumors on the 6th that Today's Headline had received US$1 billion in Series D financing, but Today's Headline would not respond to this. The source pointed out that the person responsible for specific financing matters this time is Liu Zhen, senior vice president of Today's Toutiao. Liu Zhen was originally a senior vice president of Uber China and is responsible for Uber's China strategic investment and other aspects. In August 2016, Didi Chuxing and Uber China merged. Liu Zhen left on September 30 after continuing to serve at Uber for two months. After that, Liu Zhen was invited by Zhang Yiming to join Today's Headline to be responsible for strategic investment and other work.

As early as 2012, before Toutiao was launched, Beijing ByteDance Co., Ltd., to which it belongs, received US$5 million in Series A financing. The investors included Heiner Asia (SIG), well-known Wall Street economists, investment bankers and CEO of Silicon Valley startups; In mid-2013, Toutiao completed a US$10 million Series B financing, with investors including Heiner Asia and DST.

In June 2014, Today's Headline completed a Series C financing of US$100 million, with a valuation of more than US$500 million. This round of financing was led by Sequoia and followed by Weibo. Cao Guowei, chairman of Sina, once said: "The reason why we invested in Today's Toutiao is because Weibo can create synergy with it. Currently, Today's Toutiao is the most shared information application on Weibo."

There is news that Sina has withdrawn from the shareholder list of Today's Toutiao, but neither Sina nor Today's Toutiao responded.

Editor: Nancy