• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Bytedance is expecting 250 billion USD from Hong Kong IPO

30th March 2021 Chris Kimble

Bytedance is expecting 250 billion USD from Hong Kong IPO Pin It

The Chinese technology company Bytedance, best known for the popular film app TikTok, is currently valued at more than 250 billion dollars by stockbrokers. That’s what sources around the company say to Bloomberg News Agency. ByteDance is said to have plans for an IPO in Hong Kong.

This makes ByteDance, aided by the huge worldwide popularity of TikTok and the Chinese domestic clone Douyin, more valuable than, for example, the large American oil and gas group ExxonMobil or soft drink producer Coca – Cola. In an earlier round of funding, Bytedance received a value of 140 billion dollars.

In recent weeks, the appreciation has increased considerably, according to the insiders. This is due to investor confidence in the future of the company and in the policies of CEO Zhang Yiming, who founded Bytedance in 2012.

Zhang recently hired a new financial director, Chew Shou Zi. Chew previously worked as the Chief Financial Officer of Chinese smartphone maker Xiaomi and helped with that company’s IPO over two years ago. Investors seem to have confidence in the experienced Chew at ByteDance.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Deliveroo considers it's not…

In IT, Innovation and Startups

Deliveroo considers it's not enough: 8.8 billion pound for a meal delivery company

View Post

Next Post

Moody's fined over the undeclared…

In Money Matters

Moody's fined over the undeclared conflict of interest

View Post

In Money Matters

Tesco says Brits are buying less and downtrading to manage inflation

View Post

In IT, Innovation and Startups

Small business is obliged to hire ‘a data protection officer’

View Post

In IT, Innovation and Startups

Moderna gets permit for a mRNA plant in the UK

View Post

In Money Matters

British consumer confidence at the historically lowest point

View Post

Newsletter

Latest News

View

British consumer confidence at the historically lowest point

24th June 2022

View

Moderna gets permit for a mRNA plant in the UK

23rd June 2022

View

Tesco says Brits are buying less and downtrading to manage inflation

20th June 2022

View

Small business is obliged to hire ‘a data protection officer’

20th June 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

Bulat Utemuratov owns an entire garage of sport cars.

In Foreign Affairs

The Great Hunt for the Nazarbayev assets has just begun

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]