Then, in December 2020, KKR participated in another round that raised $2 billion at a $178 billion valuation. Shares of ByteDance are listed on Equitybee at a valuation of $75 billion, about 1/3rd of the valuation the company paid to buy back shares in November 2023. There is no ByteDance or TikTok symbol and you cannot buy shares of it in your typical brokerage account. ByteDance is the Chinese company that owns TikTok, a social media platform that has become incredibly popular all over the world.
Investing in TikTok isn’t as straightforward as investing in other popular social media companies. The popular short-form video app is owned by the Chinese company ByteDance, which doesn’t trade publicly on any stock exchanges. But there’s a way to get a piece of the action in one of the fastest-growing digital media platforms in the world.
If you’re considering buying KKR to own ByteDance, you should make sure you like the other 98.1% of the company as well. While you couldn’t have invested in Meta, Google, or Tencent before they went public, you can invest in ByteDance before it goes public.
- You will also know when the bear market is over and the new rally begins so you can start investing again.
- Important to note is that although Snap is starting to grow again, it is making a huge loss, which is why its stock price is so low.
- You can invest indirectly in ByteDance by buying shares of SoftBank Group or Kohlberg Kravis.
- SoftBank participated in the same two funding rounds as KKR but sold a slice of its holding at a valuation of $220 billion in March 2023.
- Overall revenue for ByteDance came in at $85.2 billion that year, generating $20 billion in operating profit.
In an attempt to alleviate concern, TikTok proposed Project Texas, which would move all U.S. data into a third-party cloud that only a team of U.S. residents could access. In March 2023, The FBI and DOJ launched an investigation into TikTok and asked TikTok CEO Shou Zi Chew to appear before the House Energy and Commerce Committee. Similar to KKR, you could invest in SoftBank to gain some exposure to ByteDance, but you should also do your due diligence on the other 98% of its portfolio. If we assume it still holds a $1.1 billion stake, ByteDance makes up 2.0% of its market capitalization ($52.5 billion). KKR is a $71.2 billion company, so this $1.4 billion stake in ByteDance represents 1.9% of its total business.
ByteDance valuation chart
This profile is based on publicly available information and is intended to be informative in nature. It’s already been shut down in India, where it had 200 million users. The Indian government cited issues of privacy and national sovereignty. A similar initiative, called Project Clover, was proposed to store European data in Ireland and Norway. TikTok has also been banned from government devices in many European countries. This would create more transparency and security, while still allowing the app to function in the U.S.
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Important to note is that although Snap is starting to grow again, it is making a huge loss, which is why its stock price is so low. Snap Inc. (SNAP) owns Snapchat, the most direct competitor to ByteDance’s TikTok in the social media market. Google’s cloud services also recorded impressive growth, with a 53% quarterly revenue boost compared to the previous year. However, it’s worth noting that this growth rate was slower than the tech giant anticipated.
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There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Projections indicate the user base is set to reach a staggering 525.7 million in 2023, bytedance stock symbol up from 493.9 million in 2022. Despite a generally positive performance, Alphabet Inc. faced some challenges. For instance, during the 2022 holiday season, the company only saw a 1% growth in revenue year-over-year.
YouTube’s user base has experienced significant expansion, with over 2.7 billion monthly users, demonstrating its extensive reach and influence. Alphabet Inc. has seen impressive business growth over the past five years, primarily driven by the stellar performance of its subsidiaries, particularly YouTube. Furthermore, in June 2023, Meta’s core products observed a year-over-year increase of 5% in daily active users (DAU), reaffirming its enduring attractiveness to users worldwide. Remarkably, over 77% of internet users, totaling approximately 3.59 billion individuals, actively engage with at least one Meta platform.
Over the past century, the US stock market has had 6 major crashes that have caused investors to lose trillions of dollars. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data. We’ll break it down based on whether or not you’re an accredited investor. Invest in or value your shares in one or many pre-IPO companies through an EquityZen investment vehicle. Most recently, the company has opened a $300 million share repurchase program for employees at a price of $160 per share, implying a $223.5 billion valuation. On Public, you can Invest in stocks, ETFs, Treasuries, and cryptocurrencies, all on one of the most well-designed investing platforms.
Investors must be able to afford the loss of their entire investment. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform. Getting access to a private market with someone offering to sell ByteDance shares at a price you’re willing to pay isn’t easy — or even possible — for most investors. However, two publicly traded investment companies hold shares of ByteDance, and anyone can buy shares in them.
Who owns ByteDance stock?
The prospects for a ByteDance or TikTok initial public offering (IPO) anytime soon grew a bit dimmer in late 2022. Amid slow progress on the IPO, ByteDance bought back $3 billion in shares at a $300 billion valuation to allow early investors to cash out some of their equity without an IPO. In late 2023, ByteDance offered to buy back stock from shareholders for $160 per share, valuing the company at $223.5 billion. No, there is no ByteDance stock available to purchase on any stock exchange globally. You can, however, buy shares in the private equity companies that own stock in ByteDance. Shares in ByteDance are owned by the founder, Yiming Zhang, and seven private equity firms, Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital.
There are dozens of investors in ByteDance – primarily venture capital firms. Even companies like Goldman Sachs and Morgan Stanley have some exposure to ByteDance. Softbank Group may own a significant portion of ByteDance shares, and Kohlberg Kravis is a NYSE-listed investment firm which also owns a portion. Many Chinese tech companies https://1investing.in/ face similar challenges regarding regulation, and any small start-up must overcome deep-pocketed competitors. As long as you understand those risks, investing in TikTok through a private equity asset management firm may be suitable for your portfolio. ByteDance has no exchange-listed stock price because it is not publicly traded.
The firm has been hit by a slowing Chinese economy and by stricter domestic regulation in the internet sector. Tech Breakthrough LLC is a third party and has no affiliation with EquityZen. Learn how you can make money from the wave of seasoned companies innovating in AI and new AI tech companies.