TikTok's parent ByteDance is now valued at $300 billion: Report

The valuation of TikTok's parent company ByteDance has surged to $300 billion, The Wall Street Journal reported. This comes after a recent share buyback offer by the company. Analysts believe the recent US elections have boosted ByteDance. US President-elect Donald Trump had once said, "I'm for TikTok because you need competition."