# ByteDance in fundraising talks that will value it at $180 billion | Tech News (HT Tech) > ByteDance is currently settling details in areas like personnel, such as which staff members will join the new TikTok entity. # ByteDance in fundraising talks that will value it at $180 billion ## ByteDance is currently settling details in areas like personnel, such as which staff members will join the new TikTok entity. Aug 20 2022, 23:50 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![ByteDance's last round of financing dates back to 2018.](https://images.hindustantimes.com/tech/img/2020/11/05/1600x900/2020-10-29T104544Z_1_LYNXMPEG9S0WW_RTROPTP_3_USA-TIKTOK_1604590895384_1604590909110.JPG) ByteDance's last round of financing dates back to 2018. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By REUTERS TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion after the investment, according to two people familiar with the matter. The company is discussing the round with existing investors including Sequoia Capital and General Atlantic to raise around $2 billion for the company, the people said, declining to be named as the talks were not public. This is not a pre-IPO round, one of the sources said, as ByteDance has not yet decided on whether to obtain a standalone public listing for Douyin, the Chinese version of TikTok, or list some of its Chinese operations including Douyin and news aggregator Jinri Toutiao as a package in Hong Kong or Shanghai. Also read click here. ByteDance has been exploring both scenarios, Reuters reported last month and in July. ByteDance, Sequoia Capital and General Atlantic did not immediately respond to requests for comment. Washington has put heavy pressure on the company to sell the U.S. operations of its highly popular TikTok short video app. The White House contends that TikTok poses national security concerns as personal data collected on 100 million Americans who use the app could be obtained by China's government. Talks have been ongoing to finalise a preliminary deal for Walmart Inc and Oracle Corp to take stakes in a new company to oversee TikTok's U.S. operations. ByteDance is currently settling details in areas like personnel, such as which staff members will join the new TikTok entity, one of the sources said. The Chinese company has seen its valuation more than double in the past two years. ByteDance's last round of financing dates back to 2018, which valued the company at $78 billion after the investment. Earlier this year, ByteDance was valued at as much as $140 billion in the secondary private equity market. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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