Sequoia, KKR said to lead ByteDance funding round at $180b valuation

U.S. private equity firms Sequoia Capital and KKR & Co are leading ByteDance‘s latest funding round that will value the Chinese tech giant and TikTok owner at $180 billion, two people familiar with the matter said.

The funding round, which aims to raise $2 billion and would make it the world’s most valuable financing round in the private market, is drawing to a close after kicking off about a month ago, the two people said.

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