ByteDance has reportedly valued itself at US$300 billion in a recent share buyback offer, according to The Wall Street Journal.

This valuation mirrors the one established in September 2022 after previously falling to around US$223 billion.

This comes as ByteDance’s position in the United States is under scrutiny due to recent political measures.

President Joe Biden had enacted legislation that could ban TikTok unless ByteDance divests from the app, allowing nine months for action. ByteDance is currently contesting this proposed ban through legal avenues.

Meanwhile, former President Donald Trump, now re-elected, has shown support for TikTok. He suggests a possible change in U.S. policy toward the app.

Recent ByteDance developments