Overview
- Bloomberg, cited by IT Home, reports that Capital Today led by investor Xu Xin bought the block in a multi-bidder sale.
- The transaction is said to imply a roughly $480–500 billion valuation for ByteDance, above earlier figures around $360 billion.
- Up to seven bidders participated and the lot’s price rose from an initial indication near $200 million to nearly $500 million.
- The seller is identified as Zhongyin Investment, an early institutional backer of ByteDance, according to the report.
- Details rely on unnamed sources and reflect a secondary-market trade, so the implied valuation is not a formal companywide pricing.