ByteDance valuation said to hit record US$550 billion in proposed equity sale

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General Atlantic is reportedly selling an equity stake in ByteDance, valuing the Chinese company at a record US$550 billion. This proposed deal, reported by Reuters, confirms previous reports of ByteDance's rising valuation on the private market. General Atlantic, an early investor in ByteDance since 2017, initiated the share sale in recent weeks and aims to finalize it in March. The valuation increase comes as some of General Atlantic's funds near their expiration. This sale would be the first since ByteDance finalized a deal to continue US operations under a new joint-venture structure.
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