ByteDance, the parent company of internet sensation TikTok, has reportedly surpassed a $100 billion valuation. Confidential sources told Bloomberg value of start-up has risen from $75 billion to over $100 billion over two years. TikTok attracted more than 315 million new users in the first three months of 2020, according to analytics firm Sensor Tower. Visit Business Insider’s homepage for more stories.
ByteDance, the Chinese company behind TikTok, is now worth more than $100 billion, according to a report from Bloomberg Wednesday.
Sources close to the matter who were not authorised to speak told Bloomberg that the
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