TikTok owner ByteDance's value surpasses $100 bn: Report

TikTok's parent company ByteDance's valuation rose to over $100 billion in recent private share transactions, Bloomberg reported. The value of the startup has risen over 33% from about $75 billion recorded during a major round of funding two years ago. Some trades had recently valued ByteDance between $105 billion and $110 billion on the secondary markets, report quoted sources saying.