China's ByteDance seeks $60b TikTok valuation in US deal

China's ByteDance seeks $60b TikTok valuation in US deal

Photo: Kon Karampelas /Unsplash

China’s ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app’s business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.

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