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ByteDance isn't just TikTok, which is what the headline doesn't include. They also own Toutiao (Chinese news/content platform, top 100 website in China), Helo (
by FanaHOVA 6y ago
ByteDance isn't just TikTok, which is what the headline doesn't include. They also own Toutiao (Chinese news/content platform, top 100 website in China), Helo (Indian social media, the Google Play app alone has 2.2M reviews), Lark (https://www.larksuite.com/ https://www.larksuite.com/, an enterprise collaboration platform aimed at the Japanese market).
- georgespencer 6y agoByteDance did $20bn of revenue in 2019. The comments in this thread are… wow. Lots of opinions from my favourite HN cameo character, "Person With Vitally Important Opinions About Complex Topic But No Time To Read Beyond The Headline."
- thedudeabides5 6y agoTrue, but I'm sure that Bloomberg's paywall isn't helping on that front.
- artsyca 6y agoThe paywall issue is listed in the FAQ - as long as there's a workaround it's acceptable
- chvid 6y agoGiven that Facebook has a market cap of 650 B the valuation sounds reasonable ... maybe even cheap.
- deleted 6y ago[deleted]
- tedk-42 6y agoNice! My usual trick for estimating a companies value is to multiply it's revenue by 10. I highly doubt it's operating hosts are eating into the revenue that much so I'd say they're highly undervalued.