Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

ByteDance valuation reaches US$400 billion in anonymous online trades

ByteDance valuation reaches US$400 billion in anonymous online trades

Anonymous sellers trading on 36Kr have valued ByteDance by as much as US$450 billion this year, while the company’s current buy-back scheme values the TikTok owner at just US$200 billion.

TikTok owner ByteDance has seen a moderate rise in its valuation in recent months, according to anonymous private equity trades posted online, which comes after the company shelved plans for an initial public offering and founder Zhang Yiming announced that he would step down as CEO earlier this year.

Despite the threat of a ban in the US under the administration of former president Donald Trump, TikTok has continued to see strong overseas expansion, with more than 1 billion monthly active users as of September. As a result, Beijing-based ByteDance has remained one of China’s most valuable unicorns since ruling out any immediate listing plans in April.

New estimates of ByteDance’s valuation come from Chinese tech media platform 36Kr, which publishes buy and sell requests from anonymous investors and facilitates the trades. Equity stakes in ByteDance have been the most active targets on the platform.

ByteDance CEO Zhang Yiming attends the 5th World Internet Conference in Wuzhen, Zhejiang province, on November 7, 2018. The founder’s announcement that he would step down from leading the company this year has come amid heightened scrutiny from Beijing of the country’s biggest tech firms.


In the latest post on Wednesday, two unnamed shareholders said they intended to sell up to US$1.1 billion worth of ByteDance shares, valuing the company at US$400 billion, a US$40 billion premium over a valuation from the same sellers last month. The investors said the valuation is valid until Friday, and “the price is expected to be even higher in the future”.

Since the sources are anonymous, without any contact information listed on the platform, the South China Morning Post was unable to confirm the authenticity of the information. 36Kr did not respond to a request for comment.

Other published ByteDance trades from multiple investors show a relatively active private market for stakes in the company, and it has been going on for months. Differences in valuations with each trade can vary by tens of billions of dollars. One seller valued the company at US$450 billion in July, and the lowest asking price valued it at US$325 billion in early September. It is not clear whether any of the listed sales have actually been realised.

The tech giant has also recently initiated a new round of internal buy-backs for shares owned by employees, at US$132 per share, according to three sources familiar with the matter. It marks a 5 per cent gain over its previous buy-back round in May, but it values the company at just US$200 billion, much lower than the private trades listed on 36Kr.

Back in April, just weeks before the company said it had no immediate plans to go public, sources confirmed to the Post that ByteDance was approaching a US$400 billion valuation for external investors.

ByteDance’s IPO plans remain up in the air after China made significant changes to regulations concerning overseas listings. Following a cybersecurity probe
into ride-hailing firm Didi Chuxing, launched days after the company went public in New York, Beijing introduced a draft regulation that would require any platform operator with at least 1 million users to apply for such a review before listing overseas.

ByteDance’s short video app Douyin, the Chinese version of TikTok, alone had 600 million daily active users as of August last year, the latest official numbers available. Before denying it had IPO plans, ByteDance explored options for listing Douyin in New York, a move that looks even more unlikely under the current regulatory environment.

Following an August report by the Financial Times that the company was looking to list in Hong Kong by early next year, ByteDance again denied that it had plans for an IPO.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
CATL Unveils Revolutionary EV Battery Tech: 1000 km Range and 7-Minute Charging Ahead of Beijing Auto Show
Changi Airport: How Singapore Engineered the World’s Most Efficient Travel Experience
Power Dynamics: Apple’s Leadership Shakeup, Geopolitical Risks in the Strait of Hormuz, and Europe's Energy Strategy Amidst Global Challenges
Apple's Leadership Transition: Can New CEO John Ternus Navigate AI Challenges and Geopolitical Pressures?
Italy’s €100K Tax Gambit: Europe’s Soft Power Tax Haven
Budapest latest News Roundup
Travel on all public transport in the Australian state of Victoria will be free in May and then half price for the remainder of this year as the government ramps up help for consumers battling high fuel costs
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Hungary's elections
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
The CIA’s Secret Technology That Can Find You by Your Heartbeat Successfully Locates Downed Airman
Operation Europe: Trump Deploys Vance to Hungary to Save the EU
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Iran warns of $200 oil as forces target merchant ships in Gulf
Japan to Release 45 Days of Oil Reserves Amid Iran Conflict
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
U.S. and Israel Intensify Strikes on Iran as Conflict Expands to Lebanon and Gulf States
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
Nvidia posted better than expected results for the January quarter on Wednesday and forecast current quarter revenue above market estimates.
Ukrainian government intensifies pressure on Hungary and Slovakia with oil blockade
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Woman Receives Gift Card for Christmas – Discovers It Is ‘Worth’ 63,000,000,000,000,000 Pounds
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Poland's President Karol Nawrocki ENDS support for Ukrainian citizens:
Italy's PM Giorgia Meloni highlights record employment and economic growth
Chancellor Friedrich Merz Re-elected as CDU Leader, Opposes AfD Influence
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
Two teens arrested in France for alleged terror plot.
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
×