ByteDance, the parent company of internet sensation TikTok, has reportedly surpassed a $100 billion valuation.
Confidential sources told Bloomberg value of start-up has risen from $75 billion to over $100 billion over two years.
TikTok attracted more than 315 million new users in the first three months of 2020, according to analytics firm Sensor Tower.
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ByteDance, the Chinese company behind TikTok, is now worth more than $100 billion, according to a report from Bloomberg Wednesday.
Sources close to the matter who were not authorised to speak told Bloomberg that the value of the start-up has risen by more than a third from around $75 billion two years ago. See the rest of the story at Business Insider
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