May 25, 2018 5:12 PM ET

Internet Software and Services

Company Overview of Beijing Byte Dance Telecommunications Co., Ltd.

Company Overview

Beijing Byte Dance Telecommunications Co., Ltd. offers personal information recommendation engine services which includes news, pictures, and essays. The company was founded in 2012 and is based in Beijing, China.

Room 10A

2nd Floor

No. 48A Zhichun Road

Haiding District

Beijing,  100083

China

Founded in 2012

Phone:

86 10 5873 4313

Key Executives for Beijing Byte Dance Telecommunications Co., Ltd.

Beijing Byte Dance Telecommunications Co., Ltd. does not have any Key Executives recorded.

Beijing Byte Dance Telecommunications Co., Ltd. Key Developments

Toutiao Reportedly Raises $2 Billion Led By General Atlantic

Beijing Byte Dance Telecommunications Co., Ltd. (‘Toutiao’) is reported to have raised a new funding round of over $2 billion led by General Atlantic LLC, according to media reports citing insiders. Toutiao did not respond immediately to an inquiry from China Money Network to confirm the facts. Jeanette K. Chan from Paul, Weiss advised General Atlantic on the investment.

Flipagram In Talks With Toutiao

Flipagram, Inc. may have found a buyer. Flipagram is in talks to be acquired by Beijing Byte Dance Telecommunications Co., Ltd. (Toutiao), according to multiple sources close to the company. A deal is not yet done, and the two sides are still discussing financial terms, these sources say. The standard boilerplate in these situations: A deal could ultimately fall through. There may still be other suitors. Two sources tell Recode that Snapchat maker Snap Inc. has been in discussions with Flipagram in the past, though it is unclear if those conversations are still happening. A Flipagram spokesperson declined to comment. A Snap spokesperson also declined to comment. Flipagram hired a banker this fall to try and solicit acquisition offers, but many sources on the receiving end of those calls told at the time they weren’t giving Flipagram a serious look.

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