ByteDance, the Chinese company that owns TikTok, valued itself at $300 billion in a recent share buyback offer, according to a new report in The Wall Street Journal. TikTok’s prospects in the United States may be looking up following the election of Donald Trump to his second term as US president.

ByteDance investors have viewed President-elect Donald Trump's return to the White House as an overall positive for TikTok's hopes in the US, as per the report.

TikTok parent ByteDance Ltd. is valuing itself around $300 billion, one of the highest valuations ever for the Chinese tech company, even as it fights to maintain its popular social-media app’s presence in the US,

Investors see Trump victory as a positive with the threat of TikTok ban looming in U.S.

TikTok's Chinese parent company ByteDance is valuing itself at about $300 billion after a recent buyback offer, the Wall Street Journal reported on Saturday, even as the tech giant's popular TikTok app faces the prospect of a looming ban in the U.