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 parent ByteDance is valuing itself at about $300 billion, one of its highest valuations ever, even as the Chinese tech giant’s popular TikTok app faces the prospect of a looming ban in the U.S.

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

ByteDance, the parent company of the globally popular app TikTok, has set its valuation at a whopping $300 billion. This marks one of the highest valuations the company has seen to date. What Happened: ByteDance’s valuation was established in a recent share buyback offer.

According to industry insiders, social media platform TikTok's parent company ByteDance's value has reached $300 billion.

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 parent company of popular social media app TikTok, has now reached a valuation of about $300 billion. The company hit the milestone after a recent share buyback offer, The Wall Street Journal reported. The news comes amid continued uncertainty over possible US restrictions on TikTok's operations.