TikTok owner ByteDance to invest $165m in Chinese e-reading firm iReader

TikTok owner ByteDance to invest $165m in Chinese e-reading firm iReader

TikTok owner ByteDance has entered into an agreement to invest 1.1 billion yuan ($165.3 million) in Chinese e-reading firm iReader Technology, the investee disclosed in a filing with the Shanghai Stock Exchange (SEE) on Wednesday.