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Aya Lin · · 1 min readIn brief: Chinese sports news platform Hupu gets $182m from Bytedance
- Sports commentary and news platform Hupu has raised around US$182 million from Bytedance in pre-IPO funding, Jiemian reported.
- The investment gives Bytedance a 30% stake in Hupu, which has 30 million registered users.
- Both companies have collaborated in the past. After Bytedance became an official global partner of the National Basketball Association, Hupu used the company’s Xigua Video as the default video platform when redirecting users.
Editing by Charmaine de Lazo
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