This article only represents the author's own views.
Potentially worth more than $600 billion in a recent proposed transaction, ByteDance is no longer being valued like the owner of a single hit app. That’s how much the parent of the Douyin and TikTok short video apps could be worth after a current investor looking to sell its stake at an initial $550 billion valuation raised its price after finding strong buyer interest, the South China Morning Post reported last week.
That super-sized valuation speaks volumes about what investors think ByteDance has become, namely China’s second most valuable internet company, slightly behind Tencent’s (0700.HK) $650 billion and twice as big as Alibaba’s (BABA.US; 9988.HK) $300 billion.
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