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asia

Major ByteDance Investor SIG Trying to Sell Some of its Shares

By
Juro Osawa
· · Source: Bloomberg

U.S. investment firm Susquehanna International Group is trying to sell about $500 million of its shares in TikTok owner ByteDance on the secondary market, Bloomberg reported. But striking a deal may not be easy. SIG, one of ByteDance’s earliest and largest investors with a stake of about 15%, tried to sell some of its shareholdings earlier at a valuation of more than $400 billion, but failed...

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