ByteDance’s Valuation Soars to $480 Billion in Share Auction
A Chinese investment firm bought a block of ByteDance Ltd. shares at a valuation of $480 billion, far above recent levels, a sign of strong investor interest in the parent...
By Dong Cao, Haze Fan · Bloomberg Markets
A Chinese investment firm bought a block of ByteDance Ltd. shares at a valuation of $480 billion, far above recent levels, a sign of strong investor interest in the parent company of video sensation TikTok.