TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters.

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.S.

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,

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.

NEW YORK - TikTok’s Chinese parent company ByteDance is valuing itself at about US$300 billion (S$400 billion) after a recent buyback offer, the Wall Street Journal reported on Nov 16, even as the tech giant’s popular TikTok app faces the prospect of a looming ban in the US.

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

ByteDance investors view President-elect Donald Trump’s return to the White House as a positive for TikTok’s hopes in the US, the Wall Street Journal reports