TikTok’s ByteDance now worth $480 billion after block of shares trades in auction

ByteDance hit a fresh valuation of about $480 billion after a Chinese investment firm grabbed a block of its shares in a heated auction that ran on Wednesday, according to data from Bloomberg. The stake, sold by Bank of China Group Investment, was first priced near $200 million, which reflected a $360 billion valuation for […] source: https://www.cryptopolitan.com/tiktoks-bytedance-valued-at-480-billion/