TikTok parent ByteDance "privately" valued at over $100 billion

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TikTok parent ByteDance "privately" valued at over $100 billion

May 20, 2020 17:50 IST

TikTok parent ByteDance has reportedly seen an increase in its valuation in private share transactions, putting the firm's value at over $100 billion. According to reports, investors expect the company will continue to pull in advertisers despite the pandemic, with some transactions valuing the Beijing-based ByteDance at as much as $140 billion. It's worth noting however, that the trades mentioned are private transactions, and may not reflect broader investor sentiment.

Global Business