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Latest valuation surges to $550 billion? ByteDance has not responded yet
On February 26, there were reports that investment firm General Atlantic (GA) is selling its stake in ByteDance. The transaction values ByteDance at approximately $550 billion (about 37.782 trillion RMB), between Tencent Holdings’ total market value of HKD 4.6761 trillion and Alibaba’s HKD 2.7503 trillion. As of press time, ByteDance has not issued any response. (Yicai)