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 …

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