BEIJING: The valuation of ByteDance has hit US$425 billion for new private equity investors, according to Chinese technology news portal 36Kr.
ByteDance had a banner year in 2020 and more than doubled revenue to US$34.3 billion, according to US business news media CNBC. The company also has businesses in education technology and video games. 36Kr also listed a valuation of between US$400 billion and US$388.8 billion for the company. The company’s ballooning value reflects its status as one of the few Chinese tech companies to find success beyond the Great Firewall.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: