Bytedance Has Yet to Finalize CHJ Automotive Investment
Xu Wei
/SOURCE : yicai

(Yicai Global) June 17 -- Bytedance Technology, the Chinese company behind short video app TikTok, has not yet finalized a plan to make a small investment in electric vehicle startup CHJ Automotive, the Securities Times reported.

Meituan Dianping founder Wang Xing reportedly planned to invest USD300 million in CHJ Automotive this round with Bytedance ready to stump up USD30 million.

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