The company-owner TikTok was estimated at $ 250 billion

News

The company-owner TikTok was estimated at $ 250 billion

31.03.2021 News

ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said.

According to the analytical company CB Insights, in the last round of fundraising the company was valued at $ 140 billion a month ago, the shares were traded privately at a price that implies a business valuation of about $ 200 billion at a value of $ 250 billion ByteDance , which owns TikTok, will cost more than oil company Exxon Mobil or one of the world’s largest beverage producers, Coca-Cola.

“ByteDance is one of the few leading Chinese Internet companies that has not yet gone public, with good business growth, talent and products,” said Sean Young, managing director of Blue Lotus Capital Advisors. This is where the “hot money” will come to, he added.

Last week, the company hired former Xiaomi CFO Shaw Zi Chu, who oversaw the corporation’s IPO on the Hong Kong Stock Exchange. At ByteDance, he was hired for a similar position, which contributed to the growth of “speculation” about a possible IPO of the Chinese company, wrote Bloomberg.

Last year, the popular TikTok short video service, owned by ByteDance, came under close scrutiny by the administration of former US President Donald Trump. In August 2020, Trump signed a decree banning Americans from working with ByteDance.

The company itself was obliged to sell assets in the United States within 90 days and destroy the personal data collected by it. Among the possible options was a plan to sell American business to a group of companies led by Oracle and Walmart. In February, US authorities postponed a plan to sell part of ByteDance’s assets in the United States indefinitely.

Other articles

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

  • 632595f853279441907151 730x410
    News

    The September, 29 will take place the international investment forum REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair

    In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]

  • Україна планує запровадити нове мито на імпорт
    News

    Україна планує запровадити нове мито на імпорт

    Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]

  • Китай спустив на воду найбільший у світі контейнеровоз
    News

    Китай спустив на воду найбільший у світі контейнеровоз

    У Китаї суднобудівна компанія Hudong-Zhonghua Shipbuilding спустила на воду найбільший у світі контейнеровоз, який отримав назву Tessa. Про це повідомляє сайт компанії. Вказано, що судно будується на замовлення швейцарсько-італійської Mediterranean Shipping Company (MSC). Воно має ті ж габарити, що й нещодавно побудовані для компанії Evergreen контейнеровози Alot та Apex, але трохи більшої ємності. “Хоча основні розміри залишилися […]

  • Банк Англії підняв ставки рекордно за 27 років
    News

    Банк Англії підняв ставки рекордно за 27 років

    Банк Англії підвищив базову процентну ставку максимальними темпами з 1995 року, на 50 базисних пунктів – до 1,75% із 1,25%. Про це повідомляється на сайті регулятора. Сама ставка зараз перебуває на максимальному рівні з грудня 2008 року, коли вона становила 2%. Банк Англії прийняв таке рішення на тлі високої інфляції, яка зараз становить 13%. Регулятор прогнозує, […]

  • В Україні відновлять приватизацію в умовах війни
    News

    В Україні відновлять приватизацію в умовах війни

    Верховна Рада на засіданні у середу, 28 липня, 233 голосами ухвалила законопроект про спрощення приватизації, повідомляє нардеп Ярослав Железняк. Ухвалений законопроект №7451 дозволяє відновити приватизацію, яка була зупинена через воєнне вторгнення Росії. Законопроект пропонує зробити приватизацію швидшою. Так, приватизація з моменту оголошення аукціону до підписання договору триватиме не більше двох місяців, а вся інформація про об’єкти приватизації […]

  • Доходи українців впадуть на чверть у рік війни
    News

    Доходи українців впадуть на чверть у рік війни

    За підсумками 2022 року доходи українців впадуть на 25%. Про це йдеться в Інфляційному звіті Національного банку України. Загалом номінальні зарплати скоротяться на 12%, а в реальному вимірі (з урахуванням інфляції) – на 27%. “Надалі з відновленням економіки, пожвавленням попиту на робочу силу номінальні зарплати швидко зростатимуть і перевищать довоєнний рівень вже в 2023 році. Втім, з […]

  • На Україну чекає найбільше в історії падіння ВВП
    News

    На Україну чекає найбільше в історії падіння ВВП

    Падіння економіки України у 2022 році буде найбільшим за всю історію країни. Про це йдеться в інфляційному звіті Національного банку. “Військові дії зумовили глибокий спад економіки. Після шоку перших місяців війни вона поступово адаптується до нових умов, проте падіння ВВП у 2022 році буде найглибшим за всю історію України”, – йдеться у повідомленні. За базовим сценарієм, цього […]

Read also

The company-owner TikTok was estimated at $ 250 billion
News

Deutsche Bank was able to resolve the conflict with the United States: the case is closed

Deutsche Bank was able to resolve the conflict with the US regulator, agreeing with the charges of tax evasion and taking on the obligation to pay a fine in the amount of $ 95 million. It is reported by financial portal MinFin with reference to the foreign sources. In a statement, the bank’s press secretary […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

In the Lviv region, another distillery was sold for almost 32 million

The property of the Rava-Rusky distillery, located in the Lviv region, was sold at a privatization auction. The State Property Fund reported this. It is noted that two participants competed in the open bidding, which increased the price from the starting 27.7 million hryvnias to 31.7 million hryvnias. “The asset is located in the city […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

McDonald’s will start selling alternative meat

McDonald’s will start producing vegan chops for burgers next year. This was reported by CNBC with reference to the company’s president Jan Borden. According to him, McDonald’s will independently produce vegan chops for its burgers. While we are talking about beef substitutes, but in the future in the restaurants may appear vegan “chicken”. “Vegetarian chops […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Bank of America allowed Zoom shares to grow by 47% in the coming year

Experts from Bank of America have admitted that the shares of the video service Zoom in the coming year may grow by 47%, writes CNBC. The TV channel quotes an analytical note of the bank. Bank of America has renewed the recommendation to buy Zoom securities. He set a target value for the company’s securities […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Thermo Fisher merges with the Affymetrix company

The largest manufacturer of equipment for laboratory research Thermo Fisher, conclude a purchase deal to buy the Affymetrix company, which develops integrated solutions for genetic researches, for $ 1.3 billion cash. Following the announcement of the transaction, shares of the Affymetrix company sharply increased in price by 50%. Currently, Thermo Fisher estimates Affymetrix estimates at […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Poland postponed the beginning of the exploration of gas in Ukraine

Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Unilever will invest € 8.3 million in a factory of the tea production of the in the Kiev region

A major manufacturer of products, Unilever Company intends to launch a tea factory in the Kiev region in the second half of 2016. The company has already invested in the project  € 8.3 million.  “Unilever will launch its own tea factory in Gostomel. Unilever works on the project from the middle of 2015, and at […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Svarog West Group directs $ 3.5 million for innovative projects

“Svarog West Group” will direct $ 3.5 million for innovative projects in 2016. That was said by the chairman of the Corporation Andrey Gordiychuk in an interview to the AgroPolit.com. According to him, the investment “appetite” of the company significantly decreased in 2016. “But this does not apply to investments in research and development: ours are IT-solutions, […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

The Dow Jones index exceeded 30,000 points for the first time in history

The Dow Jones and S&P 500 stocks hit record highs on Tuesday, November 24 amid official news of the transfer of power in the United States and progress in the development of coronavirus vaccines. In particular, the Dow Jones industrial index rose by 1.5% and for the first time in history exceeded 30,000 points. According […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

What will be the amount of foreign investment in Ukraine in 2017?

In the coming years, under the condition of implementation of reform and modernization of the economy, the influx of foreign investment in Ukraine can be increased two-fold to $ 8 billion, and more. This was stated by Deputy Minister of Economic Development Maksym Nefodov during the the discussion about interim plan of priority actions of […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Diageo accused LVMH of not paying dividends of 181 million euros

The world’s largest producer of alcohol, the British Diageo has initiated arbitration proceedings with the French luxury goods manufacturer LVMH Moet Hennessy – Louis Vuitton SA due to non-payment of dividends in the amount of 181 million euros in 2019. Diageo owns 34% in the joint venture with LVMH for the production of alcoholic beverages […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

PrivatBank warned about a new fraud

PrivatBank warns users about a new fraud scheme that uses a fake website and at the same time the bank’s logo. This was reported by the press service of the Bank. It is noted that the Bank’s security service found the site p-invest.site, which was registered by unknown individuals in the United States and which […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

AMD will buy the chip maker Xilinx

Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

For what the companies of ex-Minister of ecology of Ukraine will pay fine?

Former Minister of Environment of Ukraine Mykola Zlochevskyi involved in the imposition of a fine, which is the Antimonopoly Committee of Ukraine filed on its affiliates due to the acquisition of control over the company Kub-Gas without permission to do it by ACU. The amount of punishment is 3.12 million UAH. The above information has […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Milk Alliance provided the first supply of Ukrainian milk products in the EU

Group of companies  Milk Alliance was the  first among dairy companies in Ukraine that complied the order of the Bulgarian partner for  the industrial supply of milk products. “This order is a test in order to study the demand and taste preferences of  consumers. The products will be available in specialty stores focused on the population of the CIS […]

Next
The company-owner TikTok was estimated at $ 250 billion
News

Shmygal: 100 billion euros are needed to reduce emissions

To reduce emissions to 35% of 1990 levels, Ukraine needs more than 100 billion euros in capital investment over 10 years, according to Prime Minister Denis Shmygal. “We have been actively involved in shaping the Ukrainian green exchange rate, which we want to synchronize with the European green exchange rate, and we make a lot […]

Next