TikTok invests in Dubai delivery start-up

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17 December 2021 à 18h06

Updated on 20 December 2021 à 10h49

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1 minute

Publication: 17 December 2021 à 18h06, Updated on 20 December 2021 à 10h49

Reading time: 1 minute

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Publication

17 December 2021 à 18h06

Updated on 20 December 2021 à 10h49

Reading time

1 minute

Publication: 17 December 2021 à 18h06, Updated on 20 December 2021 à 10h49

Reading time: 1 minute

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An unexpected investor emerged in the latest round of funding for Dubai-based delivery start-up iMile.

According to Bloomberg, ByteDance, the parent company of Chinese app TikTok, invested in shares. ByteDance placed US$10 million out of a total of US$40 million. iMile is currently valued at US$350 million. Founded in 2017 by Rita Huang, a former Alibaba and Huawei executive, iMile connects Chinese pure-players to Middle Eastern customers via its last-mile delivery platform.

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