General Atlantic Values ByteDance at $550 Billion in Planned Stake Sale

General Atlantic, a US-based investment firm, is planning to sell part of its stake in ByteDance, the Chinese parent company of TikTok, valuing the firm at $550 billion. This valuation reflects a 66% increase since a buyback last year priced ByteDance at over $330 billion and a 15% rise from a November secondary market deal valuing it at $480 billion. Details of the stake sale and post-transaction ownership remain undisclosed. The move follows regulatory approvals for ByteDance's US ventures and highlights growing private market interest ahead of a potential public offering.