People are seen at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. Photo: Reuters People are seen at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. Photo: Reuters
People are seen at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. Photo: Reuters

TikTok-owner ByteDance said to surpass US$100 billion in private market value

  • ByteDance’s valuation has risen at least a third to more than US$100 billion in recent private share transactions, people familiar with the matter say
  • The Chinese company has grown into a potent online force in recent years, propelled in part by TikTok, a short video platform that has taken teenagers by storm

Topic |   China technology
People are seen at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. Photo: Reuters People are seen at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. Photo: Reuters
People are seen at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. Photo: Reuters
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