ByteDance’s valuation has climbed in a series of buybacks, the Journal said, noting a valuation of almost US$225 billion in a tender offer to employees in October 2023.
TikTok parent ByteDance is valuing itself around US$300 billion ($403.11 billion), one of the highest valuations ever for the Chinese tech company, even as it fights to maintain its popular social media app’s presence in the US, the Wall Street Journal reported Saturday.
The valuation came in a recent buyback offer by ByteDance, the Journal said, citing unidentified people with knowledge of the matter. TikTok would be banned in the US under a federal law unless ByteDance sells the app to an American owner by mid-January.
