ByteDance's AI Business Helps Boost Valuation Past $400 Billion Even As US TikTok Business Risks Loom

Quick Summary:

SoftBank's Vision Fund has also revised its valuation to exceed $400 billion, factoring in the growth potential of ByteDance's AI business, Doubao, reported Bloomberg, citing people familiar with the matter.

ByteDance Ltd., the owner of TikTok, has reportedly seen its valuation climb past $400 billion, driven by major investors like SoftBank Group (OTC:SFTBF) (OTC:SFTBY), Fidelity, and T.

What Happened: At least three major investors have marked up ByteDance's valuation, with Fidelity estimating it at more than $410 billion and T.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: SFTBY SFTBF ByteDance Tech TikTok Consumer Tech Benzinga neuro News Media Doubao Benzinga JP3436100006 US74144T1088 TROW DeepSeek

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 03:51:40 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26363180

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