ByteDance acquires a 30% stake in Shanghai-based Hupu, an online sports forum, for ~$150M, as part of Hupu's pre-IPO round of funding (Yingzhi Yang/South China Morning Post)
Yingzhi Yang / South China Morning Post:
ByteDance acquires a 30% stake in Shanghai-based Hupu, an online sports forum, for ~$150M, as part of Hupu’s pre-IPO round of funding — Shanghai-based Hupu was founded in 2004 by Shawn Cheng as an online community where sports fans talk about basketball, football, and other sports Beijing-based ByteDance …
ByteDance acquires a 30% stake in Shanghai-based Hupu, an online sports forum, for ~0M, as part of Hupu's pre-IPO round of funding (Yingzhi Yang/South China Morning Post)
Source: Tech Meme
