ByteDance Valued at $220 Billion in Recent Investment by Abu Dhabi’s G42, a Significant Discount from TikTok’s Owner’s Share Buy-Back Program

ByteDance was valued at around US$220 billion in a recent private-market investment by Abu Dhabi artificial intelligence (AI) firm G42, a significant discount to the US$300 billion that TikTok‚Äôs owner set during a recent share buy-back programme. G42, controlled by United Arab Emirates royal Sheikh Tahnoon bin Zayed Al Nahyan, acquired a US$100 million-plus stake from existing … Read more