TikTok owner ByteDance now values itself at around $300 billion, among the highest valuations for a Chinese tech company. It expects its business to grow even as its app TikTok faces a potential ban in the US. Experts in Washington believe President-elect Donald Trump could reverse the law, and his election “significantly improves the picture for TikTok,” said the National Security Agency general counsel.
TikTok owner ByteDance now values itself at around $300 billion, among the highest valuations for a Chinese tech company. It expects its business to grow even as its app TikTok faces a potential ban in the US. Experts in Washington believe President-elect Donald Trump could reverse the law, and his election “significantly improves the picture for TikTok,” said the National Security Agency general counsel.