TikTok Owner ByteDance Is Tech Darling Again With $400 Billion-Plus Valuation
- DeepSeek-driven China tech rally set to buoy ByteDance value
- Value tops $400 billion even as US TikTok unit marked at zero
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At least three of Bytedance Ltd.’s major investors have marked up the TikTok-owner’s valuation to more than $400 billion, a sharp rebound for a Chinese social video leader that has been threatened with a US shutdown.
SoftBank Group Corp.’s Vision Fund revalued the company to north of $400 billion in December, factoring in potential for its artificial-intelligence business Doubao, according to people familiar with the matter. Investing giants Fidelity Investments and T. Rowe Price Group Inc. have also marked up ByteDance, valuing it at above $410 billion and $450 billion, respectively, according to Bloomberg calculations based on November filings to the US Securities and Exchange Commission.