Global investors including SoftBank Group Corp. and private-equity firm KKR & Co. plan to invest in the latest fundraising by Bytedance Ltd., the owner of China’s most popular news-aggregation app, according to people familiar with the matter.
Bytedance operates Jinri Toutiao, a mobile app that provides news headlines and third-party content based on users’ interests and search history. It is in talks to raise around $3 billion at a valuation of about $75 billion, The Wall Street Journal reported last month. Of the funds...