Company profile · China · Social media / AI

ByteDance

Premium$350–370BAbove the ~$330B internal buyback, below private-market highs

Hong Kong skyline — ByteDance's home market
Victoria Harbour, Hong Kong — Wikimedia Commons, CC BY-SA 4.0

About

ByteDance is the Chinese tech group behind TikTok and Douyin, and one of the most valuable private companies in the world.

Premium or discount?

ByteDance's secondary activity has traded consistently above its own buyback price — a block trade at $480B (~45% above the buyback), a continuation fund raising at $350–370B, and a recurring employee buyback itself up 5.5% year over year — making it the tracker's clearest example of sustained premium demand in China.

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Secondary deal history

DateValuationvs. last roundTypeBuyersSource
Jun 2026$350–370BPremiumAbove the ~$330B internal buyback, below private-market highsGP-led continuation fund (raising)HSG (ex-Sequoia China) continuation vehicle36Kr ↗
Nov 2025$480B impliedPremium~45% above the company’s own buyback priceSecondary block tradeCapital Today (won bid for Bank of China PE division’s shares)36Kr ↗
Sept 2025$330B+Premium+5.5% vs its March 2025 buybackEmployee share buyback (recurring)ByteDance (own balance sheet)Yahoo Finance / SCMP ↗

Frequently asked questions

Can I buy secondary shares in ByteDance?
Retail investors generally cannot buy shares directly. Access typically runs through accredited-investor marketplaces, employee tender programs, or funds that have already built a position — and is subject to the company’s transfer restrictions and rights of first refusal.
Why did ByteDance's valuation trade at a premium to its last round?
ByteDance's secondary activity has traded consistently above its own buyback price — a block trade at $480B (~45% above the buyback), a continuation fund raising at $350–370B, and a recurring employee buyback itself up 5.5% year over year — making it the tracker's clearest example of sustained premium demand in China.
Is the valuation on this page an official company valuation?
No. Secondary marks reflect the price a buyer and seller agreed on (or are discussing) in a specific transaction, not a valuation the company itself set. They are a useful demand signal, not an audited or company-endorsed figure.