Value of TikTok maker ByteDance approaches US$400 billion for new investors, sources say

//Value of TikTok maker ByteDance approaches US$400 billion for new investors, sources say

Value of TikTok maker ByteDance approaches US$400 billion for new investors, sources say

The valuation of ByteDance is approaching US$400 billion for private-equity investors, a source told the South China Morning Post, as the Chinese owner of short video-sharing app TikTok cements its leading position among global tech unicorns.The person, who was briefed on the matter, said the value of the Beijing-based start-up has been swelling in the private market as it considers a public listing for TikTok’s Chinese sibling app Douyin.The new valuation of nearly US$400 billion, if confirmed…

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By | 2021-04-01T12:00:08+00:00 April 1st, 2021|Technology|Comments Off on Value of TikTok maker ByteDance approaches US$400 billion for new investors, sources say