Chinese personalized news app Toutiao says that it has raised US$100 million in series C financing led by Sequoia Capital, according to media reports. Sina's Weibo also participated in the round, which valued the company at US$500 million. The proceeds will be used on further developing intelligent learning technologies, and for product improvement. Toutiao, which […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.