ByteDance emerged to be a powerful online unit contemporarily, especially with the TikTok short video platform. It is termed as the ‘World’s Most Valuable Startup’, given its huge popularity and heavy market.
The TikTok is a social media platform that allows you to make short videos, act for the given dialogue or dance for a song. This has gained much popularity among teenagers, not to mention, in the US.
The value of it in the market has grown by at least a third. And now it has reached $100 billion in a recent private share transaction. The secret being the owner’s ability to attract advertisers, in spite of the fall in Economy due to the global pandemic.
Though not declared officially, the stock of the company has changed hands, according to some sources. They say the price has raised over 33%. It valued $75 billion two years ago. The Chinese Company now values around $140 billion, some say.