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

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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