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

• The Chinese company is in talks with a group of investors including Sequoia over funding that would boost its valuation to US$180 billion, according to people familiar with the matter
• ByteDance could then start preparing some of its biggest assets including Douyin and Toutiao for an initial public offering (IPO) in Hong Kong