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        <title><![CDATA[TikTok parent company valued at over $110B]]></title>
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            <media:title type="html">TikTok parent company valued at over $110B</media:title>
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        <content:encoded><![CDATA[<p>TikTok — the social-media app popular with teens and at odds with lawmakers — is fast becoming a hit with investors.</p><p>Private shares of TikTok parent company ByteDance Ltd. have been trading hands at prices that value the Chinese company at over $100 billion, The Post has learned.</p><p>“We are seeing buyers willing to pay at a $110 billion valuation or higher,” one private-placement agent told The Post.</p><p>The comments echo a Bloomberg News report, also from Wednesday, that said ByteDance shares having been selling on the secondary market at prices that value it at between $105 billion and $110 billion, with one trade that pegged it as high as $140 billion.</p><p>That makes ByteDance five times bigger than its publicly traded peers like Snap, valued at $26 billion, and Twitter, at $25 billion.</p><p>Watchers say ByteDance’s sudden ascension suggests investors expect something to happen that could make the company more valuable, including a new fundraising round.</p><p>“Usually when you see this, it means something bigger is coming,” the private-placement agent said.</p><p>One Wall Street source said he expects ByteDance to launch a new financing round and a parallel loan package at a $125 billion valuation. ByteDance will choose whether to raise equity or debt after it determines which is the more profitable path, the source said.</p><p>The surge comes despite warnings by lawmakers like Sen. Chuck Schumer (D-NY) that the app popular for its quirky viral videos <strong>poses a security threat</strong> due to its China ties. Numerous US government agencies, including the Army and Transportation Security Administration, have stopped using the app for official business, including recruiting.</p><p>“TikTok is not as innocent as it sounds,” Schumer said at a press conference in February. “If you go on TikTok, the Chinese government has your data. You have no recourse.”</p><p>That hasn’t stopped TikTok from a spate of high-profile job recruiting, including when it <strong>tapped Disney’s streaming head</strong> Kevin Mayer to be TikTok’s new chief executive this week.</p><p>In January, ByteDance appointed ex-Microsoft lawyer Erich Andersen to be its global general counsel.</p><p>A TikTok spokesman did not return calls seeking comment.</p>]]></content:encoded>
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