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ByteDance Invests CNY 1.26 Billion into Hupu
ByteDance Invests CNY 1.26 Billion into Hupu
Associated Company
ByteDance ByteDance

Hupu (虎扑) received CNY 1.26 billion in its Pre-IPO funding round from ByteDance (字节跳动). Latest funding marks Hupu's largest financing since its founding in 2004. 

Hupu started as basketball news and commentary platform in 2004 and has grown and developed over the past few years. Currently, its business covers sports contents, sports marketing and e-commerce platform

Hupu, yet again, filed for an IPO in March 2019. According to the application form, the platform has more than 30 million registered users.

The platform has attracted young and middle-aged males, who are enthusiastic and willing to pay for several types of sports products. 

ByteDance has entered several other fields and enriched its strategic arrangement. Currently, the Chinese internet heavyweight operates in finance, education, e-commerce, social software and several other.

Thanks to its huge user base and comprehensive service ecosystem, ByteDance's avenue of revenue is massive and it is the most valued start-up, according to Reuters. 

Notably, ByteDance has a comprehensive ecology of media products, including, among others, TopBuzz, News Republic, TikTok and BuzzVideo.

Investing in Hupu, ByteDance has further expanded its media empire.

Enterprise Information

Bytedance owns a series of content platforms that enable people to connect with, consume, and create content.
CATEGORIES: Technology
Last Funding Type
Pre-IPO
Number of Employees
10001+
Number of Funding Rounds
7
Total Funding Amount
7.10B

Enterprise Information

ByteDance
Bytedance owns a series of content platforms that enable people to connect with, consume, and create content.
CATEGORIES: Technology
Last Funding Type
Pre-IPO
Number of Employees
10001+
Number of Funding Rounds
7
Total Funding Amount
7.10B

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