China's Next Big Tech Giant Raising Another $2B

Toutiao, founded by 34-year-old entrepreneur Zhang Yiming in March 2012, is one of the fastest-growing tech startups in China. Its valuation has leapt around forty-fold within three years - it was valued at just $500 million in June 2014 - as customized news feed models become increasingly popular with China's highly mobile population. Read the full article here.