Bytedance said to secure funding at record $75b valuation from SoftBank, others

Bytedance said to secure funding at record $75b valuation from SoftBank, others

Photo: Bloomberg

Bytedance Ltd. has closed $3 billion of funding from SoftBank Group Corp. and other major investors at a valuation of $75 billion, cementing its position as the world’s biggest privately backed startup, according to people familiar with the matter.

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