China’s Toutiao acquires VC-backed selfie app Faceu
Chinese private equity-backed online content platform Toutiao has acquired Faceu, a camera app that has received funding from IDG Capital and Lightspeed China Partners.
Financial terms weren’t disclosed but local media reported the transaction is worth $300 million. Faceu allows users to edit photos and add features like stickers and text while in the process of...
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