China’s ByteDance leapfrogs Uber to becomes world’s most valuable startup

China’s ByteDance leapfrogs Uber to becomes world’s most valuable startup

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/10/26/chinas-bytedance-leapfrogs-uber-to-becomes-worlds-most-valuable-startup/

Move aside Uber, China’s ByteDance is now the world’s highest-valued tech startup.

That’s according to reports from Forbes and Bloomberg both of which claim that the company has completed a $3 billion investment that values the company at $75 billion. A source with knowledge of the deal confirmed the round to TechCrunch and suggested that the value is pre-money, which, adding the round, would put ByteDance’s valuation at $78 billion. That’s ahead of Uber’s most recent $72 billion valuation, although the ride-hailing giant is being tipped to go public next year at a valuation of up to $120 billion.

China’s ByteDance leapfrogs Uber to becomes world’s most valuable startup

Oct 26, 2018, 4:27pm UTC
https://techcrunch.com/2018/10/26/chinas-bytedance-leapfrogs-uber-to-becomes-worlds-most-valuable-startup/ > Move aside Uber, China’s ByteDance is now the world’s highest-valued tech startup. > That’s according to reports from Forbes and Bloomberg both of which claim that the company has completed a $3 billion investment that values the company at $75 billion. A source with knowledge of the deal confirmed the round to TechCrunch and suggested that the value is pre-money, which, adding the round, would put ByteDance’s valuation at $78 billion. That’s ahead of Uber’s most recent $72 billion valuation, although the ride-hailing giant is being tipped to go public next year at a valuation of up to $120 billion.