4 months, 2 weeks ago

China's ByteDance values itself at $300 bn despite a looming threat to its business, what's the maths

Despite facing the threat of a possible ban in the US, TikTok’s Chinese parent company ByteDance has set its valuation at $300 billion, the highest seen to date, but what’s the reason behind it? ByteDance, the Chinese parent company of TikTok, has set its valuation at $300 billion, one of the highest ever till date. ByteDance facing threat of ban in US On April 24 this year, US President Joe Biden signed a law, giving ByteDance time till January 19 to sell TikTok or face a ban. ByteDance’s high valuation and optimistic outlook is visible despite the looming threat due to the potential ban of TikTok in the US.

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