ByteDance seeks to raise cash, in a deal that values TikTok’s parent at US$180 billion even as it seeks to avert ban in the United States

//ByteDance seeks to raise cash, in a deal that values TikTok’s parent at US$180 billion even as it seeks to avert ban in the United States

ByteDance seeks to raise cash, in a deal that values TikTok’s parent at US$180 billion even as it seeks to avert ban in the United States

ByteDance is in discussions to raise US$2 billion before listing some of its businesses in Hong Kong, people familiar with the matter said, even as it seeks to avoid a ban on its TikTok service in the US.The Chinese company is in talks with a group of investors including Sequoia over funding that would boost its valuation to US$180 billion, the people said, asking not to be identified discussing a private deal. ByteDance could then start preparing some of its biggest assets including Douyin and…

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By | 2020-11-05T14:52:46+00:00 November 5th, 2020|Technology|Comments Off on ByteDance seeks to raise cash, in a deal that values TikTok’s parent at US$180 billion even as it seeks to avert ban in the United States