US private equity firm General Atlantic is selling an equity stake in TikTok owner ByteDance in a deal that raises its valuation of the private Chinese company to US$550 billion, Reuters reported on Wednesday, citing two unnamed sources.
The deal, still pending, confirms a previous report by the South China Morning Post in December that ByteDance’s valuation had surged to US$500 billion on the private market, up from US$400 billion as recently as the second quarter of 2025.
General Atlantic…