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ByteDance Valuation Said to Shrink by 26% amid Sales Slowdown

2023-10-06 09:51:14来源: 钛媒体

BEIJING, October 5 (TiPost)— Valuation of ByteDance Ltd. is further shrinking as TikTok parent’s sales slowdown accelerates.Credit:Visual ChinaByteDance recently offered to buy back shares from current employees at $160 apiece, suggesting a valuation of $223.5 billion given the outstanding shares of 1.4 billion, the U.S. tech news outlet The Information reported earlier this week. Reuters’ source ec

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