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ByteDance Valuation Surges to USD480B
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A Chinese venture capital firm has acquired a portion of ByteDance's shares, valuing ByteDance at USD480 billion, Bloomberg reported, citing informed sources.

According to foreign media reports, venture capital firm Capital Today outbid several interested companies to acquire shares from ByteDance's early institutional investor, Bank of China Group Investment.

Related NewsRetail Sales YoY for Oct in China is 2.9%, lower than the previous value of 3.0%. The forecast was 2.7%.

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