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Deals Rumor Mill: Toutiao, Siemens, Accelya

By Benjamin Horney (November 10, 2016, 8:21 PM EST) -- Toutiao, a news app owned by Beijing Bytedance Technology Co., is hoping to raise around $1 billion in its latest fundraising round, The Wall Street Journal reported on Tuesday, in a capital raise that would value it at more than $10 billion. The company was valued at just $500 million in the summer of 2014, the report said. Bytedance has begun talking with potential investors, the report said, although no identities were disclosed. There was no timetable for when the fundraise might take place....

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