exclusive | ByteDance’s private valuation falls by US$100 billion in one year as IPO plans remain up in the air

• A deal in April values the TikTok owner at about US$300 billion, a quarter less than last year, but still puts it among the biggest Chinese tech firms
• ByteDance says it has no plans for an IPO, but a recent reshuffling of business entities sparked speculation that Douyin could be floated in Hong Kong