Zhang referred to several new products that have made progress in the past year, including gaming studio
Still, investors continue to have big hopes for the company. ByteDance’s shares are trading at a valuation of more than US$250bil in the secondary market, higher than Coca-Cola’s market cap of US$229bil , while Zhang weighs the options for an IPO, Bloomberg reported on Tuesday. Zhang said that he hopes the company will see rapid growth, but he added that it should not be affected by “growth anxiety”.
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